Germany and Japan have something in common – both are ‘super-aged’ countries where a fifth of the population is 65 or older. The two nations rank first and second respectively as the nations with the oldest populations on the planet. Given that fertility rates are low (1.4 children per woman) and population growth is negative (-0.2%) in both countries, the situation is unlikely to change any time soon.
As demographic trends are one of the strongest forces shaping the residential market, it is worth delving into the experiences of the two countries. Japan, a step further down the ageing path, holds interesting parallels for its European peer. So, what do the residential markets of the two economic powerhouses have in common?
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