Confidence returning to the care home property market

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

In its end-of-year market report, property agent Chantview says that, during the last quarter of 2002, there was a real surge in genuine interest from buyers wishing to acquire care homes, with available businesses in short supply. The increased activity is attributed to improved market confidence, as many buyers felt that the proposals in the Government;s consultative document, lay the foundation for future growth within the healthcare profession. Chantview director Peter Morris said there had been a good percentage of both professional first time buyers entering the market, and existing proprietors making further acquisitions. “Also, there were some ex-owners joining our mailing list, who had decided to re-invest, having previously sold their businesses in the anticipation of a bleak future,” Mr Morris said “The corporate sector was also busy, with a number of the key operators intensifying their search for quality businesses. Throughout the country generally, available businesses were attracting a higher l

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