High-end real estate in Alicante sets off with 17 centers in the project

In total, both managers and private funds accumulate Up to 17 projects in portfolio to develop new facilities in the area that gives an idea about the so-called explosion “high life”. In other words, real estate projects focus on people over 60, whether it’s apartments with shared services for single residents or housing for those who need help in everyday life.

A business that institutional investors are starting to enter en masse the pursuit of profitability What Alicante has not found in other sectors where it has been called upon to play a leading role, as explained, especially because of the attractiveness the region already has for international customers of this age. Alejandro and Daniel Bermudezthose responsible for the company Atlas Real Estate Analyticswho has just prepared a detailed report on the subject.

And only between 2015 and 2020 state received nearly 45,000 new foreign residents over 60 years old, highest number in the countryahead of Madrid, which added 37,194 new senior residents from other countries; Barcelona with 30,136; Malaga with 27,636; or Tenerife with 14,617. It’s a fact well known to supporters of the region who for decades have based a large part of their business on Europeans who have chosen the Costa Blanca to retire and are now looking to take specialist operators to a new level.

An international demand added in recent years local elders, with the aging of the Spanish population. Therefore, the report indicates that the volume of residents since 2000 over 60 years old It increased more than 45% in the Valencian Community, a percentage that is even higher in other autonomies.

A population that also increases its population Income rate above the population average and, above all, their housing related expense: Almost from 7,000 Euros per household in 2006 10.500 € This trend is largely due to their greater willingness to migrate to parts of the country with a better quality of life or better climate, mimicking what their European colleagues have been doing for decades.

2,553 million investments

In this way, only in the last two years have the main operators and funds invested. 2,553 million euros in this segment all over Spain. A large number, but still below that allocated to other markets such as traditional rentals or student residences, so the consultant sees very significant growth potential.

For example, in the case province of Alicantevarious private apartment complexes and residences add about 9,100 places right now. still a very low amount by comparison. potential demand of approximately 118,000 beds They currently estimate in the area: 14,480 in “independent living” complexes and 103,308 others in assisted living centers. The amount they calculated will increase by another 10% by 2025. They estimate potential demand of more than three million in the whole of Spain.

What they currently account for from Atlas Emlak Analytik 700 projects under development across the country, this would add approximately 48,300 seats. Madrid is the province with the most startups with 73 investments, followed by Barcelona with 54 investments. In the case of Alicante, there are 17 projects under construction or in development.

Among these are the Belgians residing cofinimmo On the site of the former headquarters of the Red Cross in Alicante, an investment of around 13 million is expected or will be announced and will operate in Elche Greenhouse, will allocate about eight million for this. on his behalf, Orpea Group He will be responsible for the management of the residence where the Germans reside. Regensburg also promotes in Vistahermosa, the state capital; duration Care recently opened another residence in Pinoso.

Among the existing apartment complexes, Ciudad Patricia in Benidorm stands out with a total of 176 residences; Forum Mare Nostrum in l’Alfàs; the Costa Blanca de Ballesol complex in La Vila; or the Colisee and The Colina Club complexes in Calp, among others.