Increasing debt being taken on by some retirement village operators makes the state of the housing market a more important factor for investors to consider, according to a detailed report on the sector by First NZ Capital.
Increased land banking and construction given the ageing population and strong sector growth in recent years will see debt among retirement village operators continue to increase, FNZC said.
Read more here: http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=11723832
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