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 maintained an upwards trend rising a further 59% quarter-on-quarter to €2.8bn in Q3. The surge came as a result of the €1.4bn Icade Santé sale to Primonial REIM, pushing the Q3 investment volumes up 12% year-on-year. However, the rolling 12-month total of €9bn is a 37% fall year-on-year and 21% below the five-year average.

France attracted the most investment of any European country during the quarter, capturing 31% of the European market share, up from 14% in the previous year. Thanks to the €1.4bn transaction, clinics and medical offices became the second-largest sector this year with a market share of 35%, only slightly behind care homes with 36%. Understand the key transactions detailed in the table below, which presents major care home deals since July.

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.

Talk to us about healthcare



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Nick Whitten

Head of EMEA & UK Living Research

Emma Rosser

Director, Living Research and Strategy, EMEA

Harry Clarke-Williams

Director, EMEA Healthcare Capital Markets

John Gladstone

Lead Director, EMEA Healthcare Capital Markets

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