Text: Matti Schenk

The market for care properties is characterised by a structurally growing demand: According to a forecast by the Scientific Institute of the AOK, the number of people in need of care will increase from currently about 3.5 million to about 4.4 million in 2040. The number of households with senior citizens will also increase from the current 12 million to 15.6 million. According to an analysis by ARGE, only eight percent of this group already live in housing suitable for the elderly. In Germany, therefore, significantly more care homes as well as senior-friendly and assisted living apartments will be needed in the future.

The structural growth of the sector is increasingly attracting real estate investors. However, the investment market for care properties is a niche segment and still relatively intransparent. In our Spotlight, we would therefore like to provide an overview of the investment universe of the German market for care properties and create transparency. To this end, we have estimated the market volume and analysed it in more detail. We also shed light on the liquidity of the market and its recent developments. Finally, we present developments that we consider important for current and future investment decisions.