Last year, the turnover of homes for the elderly (for-profit) increased by 9.8%, compared to 2022, to 450 million euros, according to data released by Informa D&B.

The rise in demand for assistance services for the elderly is driven by rising prices, as well as the progressive aging of the population. In March this year, there were a total of 2,588 residences in Portugal, of which 792 were owned by for-profit entities (30.6% of the total) and 1,796 were non-profits (69.4%).

These 2,588 residences for the elderly have a capacity of around 105,500 places, which results in an average of 41 places per establishment. Still, according to the consultant's data, the average occupancy is higher in non-profit homes (44) than in for-profit homes (33).

Although for-profit residences have increased their relative weight over the last few years in Portugal, the truth is that non-profit spaces for seniors still represent around 76% of the total capacity.

The Lisbon district concentrates the largest supply, in absolute terms, of for-profit residences — with 242 establishments in March this year, equivalent to 31% of the total, followed by the regions of Porto, Setúbal, and Leiria with around 70 establishments in each of these districts.