COMMENT | A shift in supporting the senior living sector
4 Mar 2021, 09:04Comments (0)
Prior to the pandemic, the retirement and senior living sector was seen as an asset class that was going from strength to strength,
writes Stewart Haworth of OakNorth Bank.
As Covid-19 hit, the priority understandably shifted to ensuring the security and safety of residents.
In a recent panel discussion at the Place North West Healthcare & Senior Living event, I discussed the outlook for senior living in 2021 and beyond, trends shaping the industry and why I think this sector is still a sound investment.
The UK’s elderly population is one of the UK’s fastest growing demographics, which means that demand for care homes including specialised care homes will continue to rise over the next decade. According to Cushman & Wakefield research, the UK’s elderly population is also one of the wealthiest with a projected combined housing wealth expected to reach £2.4trn by 2040.