European Healthcare Real Estate Interface

Key Country Demographics

What is the relative scale and nature of demand across Europe?

Rising elderly populations and growing healthcare expenditure are both core demand drivers for healthcare services and healthcare real estate, including long-term residential care facilities. Explore which markets have the strongest fundamentals using the map below. Click on a country to see more details relating to population and health expenditure.

Care Home Investment Yields

How do these compare to other sectors? Understand pricing levels across mature and growing markets.

Compare prime net investment yields for care homes across Europe in the following visualisation. Prime yields relate to well-located, modern quality stock, let on long-term institutional leases to high quality operators.

Selected Care Home Transactions

What are the key transactions in each market and who do they involve? See the deals and key players influencing this growing market.

European healthcare investment slightly rebounded after a quiet Q3 with €2.6bn invested across Europe in Q4 2022, up 6% quarter-on-quarter. A total of €12.4bn was invested across 2022, down 6% compared to a record 2021. Despite market uncertainty and a slowdown across all real estate types in Europe during H2 22, the Healthcare sector proved its resilience as volumes remained 13% up compared to the five-year average. The two largest markets were again the UK (€3.5bn, 28% of the 2022 total volumes) and Germany (€2.2bn, 17%), while France registered over €1.4bn of healthcare deals (12%) and Finland €1.3bn (11%). Nearly half (41%) of investment in 2022 was in the care home sector, with a further 10% in the senior living space and 13% in hospitals and clinics. Understand the key transactions detailed in the table below, which presents major care home deals since October. Use the search function to narrow down the deal size or investigate specific sellers and buyers.

Key Care Home Operators

Who is operating care homes? Recognise which companies are market and European leaders.

Care home operations can be fragmented in many European countries, though there are major players operating across markets. The table below identifies some of the major care home operators by geography and their ‘in-country’ revenues from the last two years. Use the search function to see which operate across geographies, or to focus on a specific country.

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Nick Whitten

Head of EMEA & UK Living Research

Emma Rosser

Associate UK Living Research and Strategy

Harry Clarke-Williams

Director, EMEA Healthcare Capital Markets

John Gladstone

Lead Director, EMEA Healthcare Capital Markets