Expectations for the growth of Senior Resorts in Spain

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España se perfila como uno de los destinos preferidos para el turista Silver Plus durante los próximos años. Esto se debe a que the country has everything seniors need,such as an excellent Mediterranean climate and quality of life.   

Therefore, the Senior Resorts sector in Spain has enormous opportunities to grow and develop within the real estate market. 

In this article we tell you what are the forecasts and expectations of residences for the elderly for the coming years. 

Crecimiento del turista Silver Plus

In order to talk about the growth expectations of the hotel sector, specifically of senior resorts, debemos tener en cuenta el panorama que tenemos acerca del turista Silver Plus (demanda) en el país. 

El turismo Silver Plus ha experimentado un notable crecimiento en los últimos añosThis growth is due to the fact that we have an aging European population and a growing number of jubilados que aumenta la demanda de turismo Silver Plus no solo en la costa mediterránea de Españabut also in other major cities such as Madrid, Valencia and Barcelona. 

Consequently, Spain is positioned as a destination that can benefit not only from the fact of having a high demand of Spaniards of retirement age, but also from a growing demand of European tourists (especially from northern and central Europe) with good economic conditions who are looking for a better quality of life on the Mediterranean coast. 

Entonces, a medida que aumenta la demanda de turistas Silver Plus también aumenta la demanda de alojamientos para mayores. Esto a su vez abre una puerta enorme para la inversión en alojamientos del tipo seniors resorts type accommodation.  

Lastly, It is estimated that by 2050, 25% of the European population will be over 65 years old, which means that 1 in 4 people will be over 65 years old.

In Spain, according to INE projections, by 2033 there will be more than 12.3 million elderly people, 25.2% of the total population. And if we look further ahead, by 2050, 33% of the population (16 million people) will be over the age of 64.

Bid status

The senior resort market in Spain is one of the segments with the greatest potential in the real estate market due to the imbalance between supply and demand. That is to say, there is a demand that exceeds the supply, therefore, due to the fact that there is a need, there are expectations of growth in terms of the supply of senior resorts.

Therefore, due to the high demand we can infer that the senior resort sector will continue to grow in the coming years. 

Top places to invest

The senior resort market in Spain tiene potencial para crecer en provincias como Canarias, Alicante, Málaga, Cataluña (principalmente la Costa Dorada) y MadridSo far it has been Alicante and Malaga that have attracted the most attention from investors and retirement villages operators. 

Y es que The Costa Blanca (Alicante) is considered one of the favorite destinations for European retirees, as it has a pleasant climate and good quality of life.In addition, the province of Alicante is the third province, after Madrid or Barcelona, with almost 400,000 foreigners (according to INE, 2021). 

On the other hand, the potential client for seniors resorts se encuentra mayoritariamente en el público de países como Noruega, Alemania, Reino Unido, Países Bajos, Rusia y EEUU. Pues estos Silver Plus venden sus propiedades y buscan destinos con mejor calidad de vida para pasar su jubilación.

Undoubtedly, los empresarios y operadores del mercado Silver Plus tienen grandes posibilidades de crecer en España, debido a que es un destino bastante demandado por el turista Silver Plus. 

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