Crystal ball gazing – an agent’s perspective

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

By PAUL FARMER, Director, healthcare team at GVA Grimley

Some eight months following the collapse of the global financial markets we are beginning to see press headlines commenting on the green shoots of recovery. Despite some wide daily fluctuations in the world’s stock markets, the depth of issues facing the banking sector appear to have been discounted with the re-emergence of some price stability. This is further supported by a number of banks reporting first-quarter profits for 2009.

Nevertheless, the overall transactional world remains stagnant with a significant reduction in the lack of businesses coming to the market. Despite the doom merchants we continue to see competitive bidding for good quality assets. In the latter part of April we received eight indicative bids for a 40-bed care home (20 ensuite), achieving a final price based upon an 8.25 multiplier. This home would probably have achieved no more than 8.75 times at the height of the market.

Market reluctance

While many may fear a lack of saleability, our experience sugge

Comments are closed.

Latest blog posts

Care homes discounted in end of life care

By Caring Times editor GEOFF HODGSON

I am sure that we all want those who we care for to experience ‘a good death’ when the time...

Perhaps I’m ‘app’athetic

By Caring Times editor GEOFF HODGSON

I’ve got an app in my toolbox that allows me to bang-in nails – I call it a hammer. I’ve...

Fond memories of long distance discomfort

By Caring Times editor GEOFF HODGSON

The Ford Anglia, the earliest models of which were built in 1939, was a great car for a small family;...