Ryman and Summerset lead retirement village bounce-back

Ryman has total assets of $12.5 billion. (Image: Ryman)

Wed, 26 Jul 2023

The retirement and aged care sector will be hoping for a busy spring season in the housing market to continue its revival on the New Zealand stock exchange.“We don’t need house prices going up further, but what is important [for the sector] is that turnover increases and days to sell come back,” Aaron Ibbotson, a director and senior analyst of equities with Forsyth Barr, said.It would mean that prospective occupiers could more easily sell their family homes and settle on their retirement village units. Ibbotson said...

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