Plenty of market activity despite the ‘credit crunch’
Christie + Co’s MARTIN DAW reports an increase in care home property deals
Investors’ enthusiasm for the care sector has apparently not been dampened by the current crisis in the financial markets, with major care operators continuing to compete aggressively for suitable acquisition opportunities, reports business agents, Christie + Co.
The ongoing crisis surrounding the financial markets has generated continued speculation about the general strength of the property markets. However, rather than experiencing a slowdown in transactional activity, Christie + Co’s care team has reported an increase in the number of completions taking place in the first quarter of 2008, when compared with the same period last year.
Martin Daw, care negotiator at Christie + Co’s Edinburgh office, said that while it was likely the current financial climate would dictate a slowdown, activity across the care sector during the first half of the year had continued to be robust and diverse – not only at a national and regional level, but also internationally.