The forecasts are positive, although the health crisis has had a significant impact on the operational parameters of student residences. The investment market continues to be highly active, with institutional interest and high developer influence. As such, it must be mentioned that the construction of big developments in the area of Teatinos and near the conference centre, as well as new land operations for such purpose, are still ongoing.

Over the next few years, the several private universities in Málaga will open their doors, which will help to bolster the position of the location as a prominent university city on a national level, with very positive foundations for continuing on the upward pre-COVID path.

The healthcare and social-care sector is one of the segments that has best performed in terms of real estate.

Several groups are arriving in the investment market for both the healthcare and the social-care sector. Land operations for new developments, profitability assets and corporate operations are being undertaken, mainly in the subsegment of homes for the elderly.

The province of Málaga has some exceptional circumstances for this kind of segment: an increasing population, both resident and non-resident, an increasing over-65 population and, particularly, a shortfall of beds (WHO recommends 5 beds for every 100 habitants over the age of 65, while the ratio in the province currently stands at 2.5). We must not forget other aspects such as the climate, services and unbeatable transport connections.

Furthermore, we have to mention the emergence of ‘senior living’, a formula of non-dependant retirement homes, which are increasingly sought-after by users and investment groups.

We believe that it will be one of the real-estate segments that will most grow over the next few years.