The care home industry is under huge pressure at the moment as a consequence of the coronavirus pandemic. While the UK population is still ageing, it seems inevitable we will see a raft of new regulations post the pandemic. Personally, I would look to wait until the dust settles because this has been a notoriously difficult sector in which to make money.
Thank you for this info. Being retired, I am looking for good longer term returns - my plan would be to invest in 1 or 2 Care Home units at a cost of 70 k to 80 k each during the course of 2021. Do you have specifics as to why this has been such a difficult sector in which to make money and any particular downside to this sector?
There is a private care home in the highlands of Scotland which has just been taken over by the local authority. As Emma1111190 said, be careful as I very much doubt they would have paid anywhere near the full commercial value - if they paid for it at all!
Thank you I will certainly be following up later with Nicholas re Mentorship. Is there anyone who is currently or just recently entered the Home Care market who could offer some good advice on do's and don'ts - good and bad locations - Residential Care homes vs Care homes vs Nursing homes..... and also on recommending the right agent(s).
It does look as though people are not waking up to the problem of an ageing population and the need for suitable accommodation. Investment in care homes is a pittance compared to commercial property. Maybe now, with all the doom and gloom, is the time to look at care homes?