According to Béjar, this interest is not only in beachfront residences, but rather in all forms of housing available for independent seniors in Spain.ĭuring the 2000-2008 real estate boom, Spain also tried to become the Florida of Europe and attract international retirees in good health and with strong purchasing power. “We have detected interest among European and North American investment funds specializing in senior living in mature markets such as Germany, Belgium, France and the United States,” says Nuria Béjar, the national director of Healthcare and Senior Living at Savills Aguirre Newman, a property agent that advised on the sale. The sale of Forum Mare Nostrum is a sign of the small but growing demand for retirement villages on the Mediterranean coast. In Spain, people prefer to buy a property and leave it for their children Juliette Bleekemolen, from Credo España Together, with Forum Mare Nostrum, which it continues to manage, these properties account for 1,255 homes. Indeed, four more complexes are planned or already underway in Alicante province and Palma de Mallorca, in Spain’s Balearic Islands. Vanesa Laport, the sales manager of Grupo Goya, says the company is in “negotiations with several international funds as a part of its five-year growth strategy, both from the point of view of resort properties and as a manager of them.” The group’s plan is to put more senior resorts on the market in both coastal areas and in the city. This is the first time an international fund of this type has bought a residential community for elderly people on Spain’s Mediterranean coast. The retirement village is still being managed by Grupo Goya, which is now offering rental contracts for 20-year periods. Last July, the owner of the complex, Grupo Goya sold the property to Care Property Invest, a Belgian-listed real estate company specializing in housing for seniors, which arrived in Spain in 2020. Facing depopulation, a Spanish village turns itself into a nursing home
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