Bed shortage predicted

Posted on April 1st, by editor in Caring Times. No Comments

By Richard Keyes, healthcare business specialist with international property consultants, Chesterton Changing economic factors are likely to create a serious shortage of UK residential care places, according to Richard Keyes, a healthcare business specialist with international property consultants Chesterton. Demographic forecasts have predicted that the increasingly large elderly population will create heavy demand for residential care places in the next century and Mr Keyes says emerging economic factors, including the rising price of development land and reluctance by the banks to lend to small care home operators, could make the situation much worse. “If the current trend continues, in five years’ time we could find ourselves with many fewer care home beds than at present,” Mr Keyes said. “This will happen for three reasons: first, the high cost of development land is proving a disincentive to property developer-operators who are finding it increasingly difficult to make the development of new residentia

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