Property market in the north west remains bouyant

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

Guy Bosanko, associate director at Christie & Co¹s Manchester Office, which specialises in the sale of healthcare businesses, reports that the market for care homes in the north west has been very buoyant, despite many commentaries to the contrary and the continued pressures facing the industry. He said the Manchester office of Christie & Co had enjoyed a record year in 2002 for the sale of care homes. “During the course of 2002, operators were searching high and low for quality-compliant businesses to acquire but were hampered by the lack of supply,” Mr Bosanko said. “As a result, premium prices were achieved for these units and we, once again,saw a two-tier market, with values rising for quality homes and falling for Å’non-compliant¹ homes being sold as going concerns. However, alternative use values and the rising residential market have meant that we have similarly achieved excellent returns for our clients on these Å’non-compliant¹ homes as well. Mr Bosanko said that, in addition, the gradual increase

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