Meeting the unmet need
It will come as no surprise to most that the demand for accommodation that suits the needs and expectations of our rapidly growing elderly population is a rising pressure on the elderly care home sector.
According to the ONS, the population aged 65 years and over is growing faster than other age group, with the fastest future increase to be seen in the 85 years and over age group.
So, how can the elderly care home sector best meet this demand?
In this article, Carterwoods highlight the locations with the biggest predicted shortfalls in elderly care home accommodation across Great Britain by 2031, and discuss the key considerations developers, operators and investors should have regard to when exploring how to fulfil the unmet need for elderly care in these markets, both now and in the future.