Press Release – JLL New Zealand is facing a shortfall in retirement village accommodation that could place additional pressure on an already tight housing market, particularly in Auckland. According to research published in JLL NZ’s 9th annual NZ Retirement Villages and Aged Care Whitepaper, there are currently 422 retirement villages operating in New Zealand, comprising just under 36,500 units. But while these figures reflect strong recent growth in the retirement village sector, JLL NZ Managing Director, Todd Lauchlan, says the statistics paint a picture of an industry struggling to keep up with demand from our ageing population. “In the nine years that we’ve been publishing our retirement villages whitepaper, the number of retirement village units has risen 67% (around 14,500) to more than 36,000 units, accommodating an estimated 47,000 residents. This tells us that one in every seven New Zealand residents over the age of 75 is choosing the lifestyle offered by a retirement village.”