Michael has over 22 years of specialist experience in the Care Home sector, having initially worked for a major Care Home agency to now become one of the most trusted agents in the industry.
Being very passionate about what he does, he seeks to achieve a smooth and efficient sale for all his clients believing it is vital to offer strong support and guidance every step of the way.
Michael also prides himself on offering a highly professional and discreet service that supports the needs and requirements of the individual client throughout the entire selling and buying process.
ENTHUSIASTIC ABOUT THE 2018 CARE HOME MARKET
It is predicted that 2018 will be a busier year for Care Home sales in the UK, with demand continuing to outstrip supply for the higher end top quality businesses. With the market showing an active start to the year for both the progressing of existing deals to taking on new businesses for sale, the remainder of the year is expected to continue busy with sale prices holding.
During 2017, it appeared that there has been an improvement in business throughout most areas of the UK, although a stronger demand was still experienced in London and the South East compared to other parts of the country. There also appears to be some better recovery prices being achieved, attributed generally to improved market conditions following the recession and the overcoming of fears from previous years regarding the implementation of better Care Home standards, which resulted in the closure of many Homes.
The South East still remains the most expensive area to buy a Care Home, which is a reflection of the general local economy, property values and fees achieved, although the Midlands and the North West still experience excellent high demand. It is also still believed that the most activity will be in the ‘middle market’ of say 25 to 40 beds from mid-size operators, with the larger corporate players jostling for acquisitions of 40 beds plus to add to their ever-growing portfolios. However, it still remains difficult for first time buyers who historically have contributed towards the small to medium size Homes in the market.
So for those wishing to sell now, it would appear to be a better period in the markets recent history and welcome news for those wishing to build up their retirement reserves.
If you are interested in selling your Home and would like some initial advise or a free no obligation valuation then please contact Michael on 01634 791758 or 07934 381731