It is predicted that 2014 will be a busy year for Care Home sales in the UK, with demand continuing to outstrip supply for the high end, top quality businesses. With the market showing an active start to the year in terms of both the progression of existing deals to taking on new businesses for sale, the rest of the year is expected to continue just as well with sales prices holding.
During 2013, it would appear that there has been an improvement in business throughout most areas of the UK, although a stronger demand was still experienced in London and the South East compared to other parts of the country. There were also some better recovery prices being achieved, attributed generally to improved market conditions following the recession and the overcoming of fears from previous years regarding the implementation of better Care Home standards, which resulted in the closure of many Homes.
The South East still remains the most expensive area to buy a Care Home, which is a reflection in the general local economy, property values and fees achieved, although the Midlands and North West still experience excellent high demand. It is also still believed that most activity will in the “ middle market “ of, say, 20 to 35 beds, with many corporate players jostling for acquisitions to add to their ever-growing portfolios. However, it still remains difficult for first time buyers who, historically, have contributed towards the sales of small to medium size Homes in the market.
So, for those wishing to sell now, it would appear to be a better period in the market`s recent history and welcome news for those wishing to build up their retirement reserves.
If you are interested in selling your Home and would like some initial advice or a free, no obligation, valuation at a competitive rate of just 1% with no VAT if selling, then please contact David Hunt through the following link