Opportunity
Portugal is an ideal place to invest or develop a senior living property, whether it is an independent or assisted type of business;
A wonderful weather, a safe environment, fiscal benefits and a top health system, are among some reasons why your business will be a success;
Besides, not only the local population is aging, but Portugal has attracted many foreigners, who want to retire in the country in premium facilites.
Market Highlights
Total Life expectancy in Portugal (81,5) is above the average for the EU (81) (in 2018);
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Number of foreigners in Portugal has been increasing. In 2018, that number was close to 500.000;
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22% of the Portuguese population (total around 10 Million) is above 65;
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The number of private senior housing facilities in Portugal was 736 (private) in 2018, from a total of 2500 (private plus non-private);
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Revenue for the private market segment in 2018 was 315 million euros;
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Number of beds in the private sector for 2018 was 21.800;
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Most facilities have an average of 40 beds.
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...A market in its infancy...
The senior housing market in Portugal is concentrated in very few local operators and for the most part, lacks premium facilites; while international operators already made some investments, the potential for growth is enormous.