The world is getting older by the minute.
According to the 2018 Ageing Report of the EU1, Economic & Budgetary Projections for the 28 EU Member States (2016-2070), the old-age dependency ratio in the EU is projected to increase from 29.6% in 2016 to 51.2% in 2070. Overall in the EU, the total cost of ageing (public spending on pensions, health care, long-term care, education and unemployment benefits) is expected to increase by 1.7 percentage points to 26.7% of GDP between 2016 and 2070.
According to official reports across the board, the old-age dependency ratio has been on a rampant rise over the years. Every region is experiencing ageing population growth, and so is the SEE.
This rapid rise of average life expectancy will, in addition to medical advances, dictate the necessity for improvements in the overall quality of life. Changes in the economic structure, social values, and expectations of independency will shape the investment climate for autonomous senior housing solutions.
Businesses will be targeting third-generation people more and more, with these entrepreneurial projects including healthy lifestyle options, prolonged education, and tailored housing.
This booklet brings an overview of the current legal framework in the nursing facilities industry across the SEE. We have tried to answer the questions of available subsidies, possible restrictions and supervising models applicable for nursing facilities.
If you have more questions regarding the investment climate in any particular jurisdiction of the SEE region, we would be happy to help.