Aging population in Europe creates increased demand for elderly care and housing

The number of people 75 and over in the European Union is expected to almost double by 2050, and the demand for care and housing for the elderly in the European Union is set to rise quickly. According to ING’s report, Elderly care and housing demand in the EU, there are significant market opportunities for investors and care providers as a result of an aging population.

“People live longer — since 2002, the life expectancy for new-born E.U. residents has increased by 2.5 months every year — and the elderly population continues to grow steadily,” said Edse Dantuma, economist health care sector at ING. “In addition, the income of elderly E.U. households is set to rise. This is due to higher pension income, which stems from increasing labor participation of women in this age group. Furthermore, a significant proportion of European elderly people are open to housing options that are tailored to seniors. As a result of these changes, there are significant mar