First time buyers fuel demand in Scotland

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

With the press having reported on the unprecedented corporate activity in Scotland, we have also seen a number of first time buyers entering the sector. Gary Walton, associate director at Christie + Co’s Glasgow office says this is because Scotland is seen as an ideal location to buy a care business, as values have historically been lower than other parts of the UK. “It has been perceived within the market place that homes with less than 30 beds are uneconomic,” sai Mr Walton. “This is clearly not the case – while profit margins are lower than larger care homes, in relation to hotels, pubs, and retail businesses of a similar size, care homes offer better returns. “This raft of activity demonstrates that homes with less than 30 beds are still high in demand; even more so if they show a good set of accounts and are in walk-in condition. This makes obtaining finance for first time buyers a lot easier.”

Comments are closed.

Latest blog posts

End of life care – care homes can do it well

By guest blogger Professor Keri Thomas,

Clinical director, National GSF Centre for End of Life Care

News that care homes could, based on current trends, overtake...

The DTOCs dashboard dilemma

By guest blogger JEF SMITH

The Department of Health refers to delayed transfers of care – the issue of people not being able to move...

From where I stand . . .

By Caring Times editor GEOFF HODGSON

A group of residents’ families have criticised the Care Quality Commission’s refusal to review the ‘good’ rating it awarded to...