Healthcare Investments Valuation. A Case Study of a Property in Disuse to Be Enhanced in a Nursing Home

Italy is increasingly becoming an aging nation. According to the national Institute of Statistics, nearly one in four individuals is over the age of 65, and by 2050, it is estimated that this demographic trend could constitute 35% of the population. This aging also brings with it an increase in the number of people who are not self-sufficient. Currently, there are approximately 4 million individuals in Italy with a severe reduction in autonomy in daily activities, and of these, 92% live at home. The lack of care provision for an aging population has been considered a significant opportunity by the real estate market. The sector of Residential Healthcare Facilities (RHFs), in fact, is emerging as one of the most promising, and it is also beginning to attract increasing interest from investors in Italy seeking attractive returns. This research aims to analyze the main aspects related to the RHF sector. In this sense, an economic evaluation case study is presented, concerning the enhancement of a nursing home located in the Friuli Venezia Giulia region (Italy).