Experts of the Spanish analytical agency DBK note that the number of housing facilities for the elderly on the market is growing, despite the fact that this segment of the market is at the initial stage of its development. The industry of such housing received a serious blow during the pandemic, supply growth has decreased and the employment of premises has decreased, but now this market is apparently recovering.
About 63% of housing for the elderly are apartments of free development, that is, private facilities that are sold at market price. About 21% is accounted for by apartments that have been subsidized by the state. And 16% is accounted for by resort housing on the Spanish coast, designed primarily for foreign clients.
It is noted that the regions of Madrid and Catalonia are the leaders in the number of such real estate properties in Spain. They share more than 1,400 houses and residential complexes for the elderly. In the next two years, DBK experts predict an acceleration in the growth of this market segment — demand, construction rates, and investor interest are growing. Among the sources of investment are investment funds, management and insurance companies, real estate brokers and private businesses.