Page 17 - Elderly care and housing demand in the EU

Overall ranking: Potential demand for elderly care and housing

3.2 Demand potential present in all countries

5. Austria: High incomes, promising demand 8. United Kingdom: High in senior housing 11. Czech Republic: Highest senior housing
potential and financials potential of the CEE countries
Ranking first on elderly income, Austria is also among With the fourth largest elderly population, which will Although the Czech Republic ranks the lowest overall,
the top on potential demand for services for elderly almost double in size the coming thirty years, the UK is the growth of the elderly population is higher than the
people. Austrian seniors in particular have a high full of potential. Sound financial foundations ensure EU average. The same goes for the expected growth in
interest in home support services and senior housing. that British seniors will be able to fulfill their substantial elderly income. Furthermore, the Czechs leave the
Until 2050, the number of Austrian elderly people will appetite for quality senior housing. Polish and the Romanians behind in senior housing
grow at a relatively fast pace. potential. A substantial proportion of Czech seniors,
9. Poland: Growing in seniors and equal to roughly one in three, would consider moving to
5. France: Demographically and financially financials senior housing with central care and home support.
at the top The size of Poland's population of elderly people is
France has both sheer numbers and the financial smaller than that of bigger countries and larger than
capability to materialize potential demand. Many that of smaller countries. However, in the next 30 years, The Netherlands and Spain top the overall ranking
French elderly people see care and home support as the number of seniors here will increase at a faster rate
essential expenses. Although they score relatively low than in most larger countries. Senior housing is already Overall ranking: Potential demand for elderly care and
housing
on senior housing potential, a quarter of the elderly a widespread phenomenon in Poland, albeit most often
would still consider moving to housing tailored to the without any home support or care. Like the Polish
elderly when the time is right. economy, the financial position of Polish elderly people Relatively high
#1 - #3
is gradually catching up to other countries. Medium
5. Germany: Big in numbers and income, #4 - #7 8 1 9
receptive to elderly housing 10. Romania: Fastest financial growth, high Relatively low 3 5
Sharing the fifth position in our overall ranking with potential demand for care and home support #8 - #11 11
Austria and France, Germany has high potential Romanian seniors have seen their financial position 5 5 10
demand for elderly care and home support and, in improving much faster than their Eastern and Western 4
particular, for elderly housing. German seniors have European counterparts. Although they are still behind,
relatively high incomes. In 2050, the German elderly the growth story will probably continue. Scoring lowest 2
population will still be the largest elderly population in on three sub-rankings, Romania’s potential demand for
Europe. elderly care and home support is strikingly high.

Source: ING Economics
ING Economics Department 17 Elderly care and housing demand in the EU – May 2019