Sector senior livingAn English word used to describe complexes housing elderly people living independently and without medical assistance is rapidly growing in Spain. In total, between different investors, supporters and national and international funds building 17 complexesOnce operational, it will be able to accommodate 3,229 residents. This collectively represents a Investment around 500 million eurosAccording to the latest report from real estate consultancy firm Atlas Real Estate Analytics.
The importance of the projects carried out is as follows: It will almost double the current offer: Today there are 50 complexes spread across the national territory, but only 3,785 places. Most of the operating assets, specifically 65%, are located in urban areas, while the remaining 35% are located on the coasts. Madrid and Barcelona are the cities with the most offers, 13 living elderly There are 626 residences with 1,266 flats and 11 residences respectively.
assets in general senior living It is focused on an international audience based in coastal areas. There are 13 complexes in this category with the capacity to accommodate 1,338 elderly people. By provinces, Alicante monopolizes majority of projects with seven developmentsMalaga follows it with four points. The remaining two are launched in Almería and Tarragona. The coast has a big weight in the projects to be delivered in the coming months: 1,694 places are being developed in Malaga; More than in Madrid; 562 residences in Madrid; or a total of 298 in Santa Cruz de Tenerife.
Demand is strong despite low supply
for request senior living It has a long but above all international profile. According to Atlas Real Estate Analytics, 87% of Spanish provinces they have one Demand comes mainly from extraterrestrial countries European Union. “Europe is the main export market” old people Foreigners moving to Spain are in the majority in 90% of the provinces compared to other nationalities. But the southern Mediterranean provinces and Huelva receive more old people from third countries rather than the European Union. These provinces include Malaga and Alicante, which are the two main coastal markets for international seniors in Spain and where there is already a large international community residing in these areas.”
There is a demand among the national public for almost half a million people over the age of 65 in the metropolitan areas and the five largest cities of the country. Especially, 494,806 old people They have the purchasing power to live in one of these complexesIt requires a monthly income of more than 2,600 or even 3,400 euros. “The overall demographic attractiveness of Spain’s coastal regions and provinces with major urban centers determines the geographical pattern of the reception of the international elderly population at the provincial level, with the provinces of Madrid and Barcelona playing a clear role, followed by the peninsular Mediterranean coastal regions.” Atlas.RE.
Number of people over 65 years of age in Turkey SpainAccording to estimates, will not stop increasing in the coming years. Depending on the region, the national population of retirement age will increase by 20% to 60% by 2037. When it comes to foreigners, the population in our country, which was 179,000 in 2005, has increased to 416,000 today. Between 2020 and 2022 alone, the increase was close to 12%. Some experts are already suggesting that Spain could become the “retirement home of Europe” or the “Florida of Europe”.
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.