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Portugal’s senior residences shortage
- 7 December, 21
Portugal is estimated to need an additional 55,000 beds in residences for the elderly to meet the growing demand from the senior market.
According to the ‘Building a healthier and more thriving future’ study, released by CBRE, more than 20 projects are either under construction or in the licensing phase for residences for the elderly in the national market, but this will not be enough to fulfil the demand.
In less than 30 years, more than a third of the population residing in Portugal will be seniors, which is equivalent to a total of 3.3 million people (an additional 1 million compared to the current 2.3 million). To respond to this demographic evolution, an additional 55,000 beds will be needed in senior homes, making this an attractive opportunity for potential investors.
Cre: Portugalnews
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