Scotland has the highest occupancy level in the UK at 93.5%. Given the ageing population in Scotland, an increase in demand for care together with a continuing shortfall and closing of care homes, we anticipate occupancy rates will remain strong, particularly as there is a lack of development in general throughout Scotland.
The transactional market is becoming polarised with values excelling for homes which have en-suite / wet rooms and in areas where they can command high fees from the self-funding market.
Values for secondary stock, i.e. homes without wet rooms, remain relatively flat and may be possibly showing signs of falling, but there is still demand for such care homes where they are sensibly priced.
On the attached flyer 'Related Downloads' we provide a Market Commentary and a selection of some of our transactional activity in 2017.