Senior living enters the Polish market

According to the preliminary results of the National Census recently announced by the Central Statistical Office, compared to 2011, the share of the post-working age population increased from 16.9 to 21.8 percent. There are 8 million people aged 60/65 and above. This shows that the issue of the silver economy will play an increasingly important role in the investment market. Demographic changes result in an evolution of the approach to care for seniors.

"Adapting the housing offer to preferences, expectations, and health conditions will have an impact on long-term changes in the housing market in Poland and will increase interest in senior living investments," Michał Witkowski, Living Services Director in Corporate Finance & Living Services | CEE at Colliers, he said.

Already 25 percent of the population in the European Union countries are older people (aged 60+), and Eurostat data indicate that this percentage may increase to 40 percent in 2050. It is therefore not surprising that investments in the field of senior living, i.e. construction senior, are already popular in Western European countries.

"The Polish market – although not fully developed yet – has a lot of potential in the long run. Poland, due to its geographical location and the cost of living, may become a desirable destination to spend the last years of life not only for Poles but also for seniors from Germany or the Scandinavian countries," the expert added.

(WBJ)