Growing demand and lack of supply will drive the French senior housing market, delegates heard at Real Asset Media’s ‘Where’s the French Senior Living Market headed?’ investment briefing, which was held online.
‘Looking at the figures it is clear there is only growth ahead for the senior housing market’, Samuel Vetrak, CEO, Bonard. ‘The number of over-75-year-olds will increase by 4%, or 250,000 people, between 2020 and 2025, faster than the average population growth of 1.9%, but the rise in future seniors is even faster’.
The 60 to 74 population is set to increase by 25% in the next five years and the average life expectancy in France is 82.5 years, which means that demand for assisted living is set to increase over the next few years.
‘It is a fast-growing market but it lacks data and transparency,’ said Frédéric Dib, President, Mozaic Asset Management. ‘More information was needed to make investors feel more confident about entering the market and to help the sector grow. We chose Bonard because of the level of excellence, detail and analytical approach they bring’.
‘This study is the first of its kind and gives an up-to-date insight into senior living in France and a closer look at the top 20 cities with the highest concentration of people aged 75 and above,’ said Vetrak. ‘The research has identified 433 assisted living establishments in the top 20 cities, that have a cumulative 75+ population of 655,000, so there is a clear lack of supply to meet the growing demand’.
The article was originally published in real asset Insight (July 2020). You can read it online at the following link.