Care market outshone other sectors in 2005

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

Care was the star performer in 2005, said Chris Day, managing director of property transfer agents, Christie + Co, when launching their highly regarded “Business Outlook 2006”. Business property values rose across all the company’s key market sectors – by 14.5 per cent in care, 10.8 per cent in hotels. 7.9 per cent in retail, 5.2 per cent in pubs and 4.7 per cent in restaurants. This excellent performance occurred at a time when the UK economy grew by only 1.75 per cent (as opposed to the Chancellor’s predicted 3.5 per cent) and the growth in residential property values had slowed considerably. “The key driver across all our markets in 2005 was the huge volume of investment capital that underpinned a large number of the major corporate deals,” said Christie+ Co chairman David Rugg. “As business operators move away from property ownership towards management or lease contracts, investors have been quick to seize the opportunities for long-term income-generation and increases in asset values presented by this sh

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