nursing homes compete for investment
second IIR Conference "target group 65plus", 23 and 24 March 2009, Berlin
The financial crisis also affects the elderly and nursing homes market. Investors who have financed their projects with short-term loans must be prepared for problems in the follow-up financing.
"The banks require not only much higher interest rates, but also greater equity participation," said Carsten Brinkmann, chairman of Terranus Consulting. (Doctors-Zeitung, 16.01.2009) In addition, the modernization of existing buildings had been neglected in many cases, what makes it more difficult to sell. Brinkmann, "The prospects are now more closely on the location and condition of the property."
According to the Federal Statistical Office, the total investment volume was at nursing homes in 2006 and 2007 around 4.8 billion euros. In late 2007 exceeded the bed supply in nursing homes, the need for more than 13 percent. have (World, 21.01.2009)
What are the sagging economy and oversupply for the seniors housing market, shows the second IIR Conference "target group 65plus" on 23 and 24 March in Berlin. More than 20 international experts from the real estate and Health lecture there about the future of the market for retirement and nursing homes.
Dr. Matthias von swan wing of the Federal Ministry of Health spoke about the current political developments after the long-term care reform. Kersten Bull, managing director of the Workers' Samaritan Federation and Chairman of the Conference, provides an overview of the market operator.
-dpa
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