Q1 Update from Christie & Co

Rob Kinsman, Regional Director for the Care team in the South has recently published a blog which may be of interest to members. It highlights the demand in the market for smaller, converted care homes with input from Christie & Co sister company Christie Finance about the funding available for first-time buyers and new entrants to the sector. A tile is also attached here for use on social media.

The full blog can be found here: https://www.christie.com/news-resources/blogs/market-for-smaller-converted-care-homes/

If any members are interested in finding out more, you can reach the team via care@christie.com or by calling 0333 034 1750. For further information on Christie Finance and funding available for care homes, you can contact the team on enquiries@christiefinance.com or 0344 412 4944.

In addition, the performance of the market in Q1 has been outstanding and attached here are further findings outlining how strong the demand for care homes of all sizes is across the country. Christie & Co are over 100% ahead of where they were for the same period last year for deals being agreed on care home sales. They understand from speaking to operators they are nervous about the changes to NICs impacting the value of their business, and hope these stats demonstrate that the buyers have been undeterred.

The average size of homes sold was 33 beds, but ranged from 5 bedrooms to 119, demonstrating the demand across the full spectrum of the market. Their valuation services team has also been instructed to provide professional advice across the entire country, ranging from the Scottish Highlands to the Cornish Coast, the Isle of Wight to Grimsby – supporting operators through refinance, revaluation and expert witness advice.

The team is available to support operators wherever they are in the UK and hope to share a further update soon with introductions to the individuals in your area.