
Business Outlook 2026 | Care France
In this section, we explore the French care market in 2025 and provide predictions for the sector in 2026.
Market Overview
In 2025, the French healthcare real estate market returned to a positive investment dynamic, with annual volumes slightly exceeding the €600 million invested in 2024. Investor appetite remained robust for clinics and continued to strengthen for nursing homes (EHPADs). This renewed momentum has been driven by the entry of new investor profiles, reinforcing the sector’s enduring appeal. These movements have helped stabilise yields and rekindle interest in healthcare real estate.
Operators, facing tight financing conditions and inflation, are resorting to sale and leaseback transactions to restructure their activities. emeis has successfully surpassed its disposal target, giving the market a positive signal. In a context of scarcity of attractive real estate products, healthcare real estate is showing signs of recovery.
Christie & Co Healthcare activity
Our Healthcare Real Estate team in France is actively engaged with new entrants and international investors seeking to enter the French market. Our mission is to identify strategic opportunities and facilitate connections between operators and investors. The team remains vigilant and prepared to act swiftly when opportunities arise, ensuring that clients benefit from robust partnerships and sustainable growth.

David Ketsela Alberti
Head of Care France
Key Market Trends
Market Predictions for 2026
- After a steady recovery in 2024 and 2025, investment volumes in healthcare real estate are expected to exceed €600 to €800 million in 2026, driven by renewed confidence and increased liquidity from institutional investors.
- Yields are likely to stabilise, reflecting strong demand for prime assets and a limited supply of high-quality properties.
- Operators facing financial constraints and inflationary pressures will continue to leverage sale and leaseback transactions, creating attractive opportunities for investors seeking long-term, secure income streams.
- Foreign investors, particularly from Europe and North America, are expected to increase their presence, attracted by France’s demographic fundamentals and regulatory stability.
- Healthcare real estate will remain a key diversification strategy, supported by structural trends such as an ageing population, the prevalence of chronic diseases, and the need for accessible care infrastructure.
- Sustainability and energy efficiency will remain critical investment criteria, with operators and investors prioritising green certifications and compliance with EU taxonomy standards.
Major Transaction from 2025
| Date | Business | Purchaser | Beds & Places |
| H2 2025 | 16 Senior Living facilities in France | TwentyTwo/Azora | 1,900 units |
| H2 2025 | One nursing home in Paris 15th | Healthcare Activos | 108 |
| H2 2025 | One acute clinic in Nancy (Buy-Back) | CHRU Nancy | 970 |
| H2 2025 | Three mental health clinics in the North of France | Healthcare Activos | 303 |
| H2 2025 | One Mental Health clinic in Talence | Amundi Immobilier | 118 |
| H2 2025 | 13 Nursing homes in France (Sale&Leaseback) | LeadCrest Capital Partners | - |
| H1 2025 | One nursing home in Meudon (Ile-de-France) | Healthcare Activos | 102 |
| H1 2025 | One mental health clinic in Paris 19th | Franklin Templeton | 110 |
| H1 2025 | One rehab clinic in Barcarès | La Française REM | 180 |
| H1 2025 | One acute clinic in Tourcoing | Arkéa REIM | 103 |