The lack of provision of hybrid and novel concepts of senior housing in the Nordic countries and the unsatisfied and potential demand from comparatively wealthy seniors is creating a market opportunity for real estate according to Riikka Moreau, fund manager at Copenhagen-headquartered asset manager Northern Horizon.
Writing in the latest edition of Real Asset Insight Magazine, Moreau points out that , as in other regions, the demographic profile means that there has been a large increase in the elderly cohort and that the private sector has a growing role in providing appropriate accommodation.
However, Nordic seniors are wealthy in terms of retirement savings. “Many Nordic seniors have the financial means to pay for solutions that match their individual needs” Moreau writes.
“We are also seeing a potential for hybrid solutions and new concepts that cater to seniors who would like to leave their own home earlier in their life.”
“The social infrastructure aimed at seniors and elderly is at a turning point in the Nordics,” she stated.
Author: Paul Strohm, Real Asset Insight