High construction and financing costs, coupled with declining property prices, are a major challenge for the whole of the real estate sector.

Banks and other lenders are placing an ever-greater focus on experience and security, and are subsequently acting cautiously. In view of the changed financing environment, many real estate projects have been delayed, or even completely cancelled. Nevertheless, opportunities for attractive property investments remain open to investors, despite the current challenging market situation.

There are still relatively low-risk property types that are experiencing dynamic growth. These include residences for senior citizens in countries such as Germany.

Supply remains limited

Senior living is not, of course, completely immune to negative macroeconomic factors. Higher energy costs, staff shortages and rising labour costs are all issues that investors must grapple with.

The great advantage of senior li