With an ageing population, the demand for residential care homes and assisted housing is increasing, providing an opportunity for both investors and developers alike.
The closure of some residential care homes due to the introduction of tighter standards has left a gap in the market for investment. This includes purchasing a standing residential care home or building a specially designed property to provide a residential care facility.
Alternatively, many of the elderly population wish to remain independent in a small flat or house with assistance available if required. This is proving a popular alternative to many. The development of IT in recent years has assisted the ability for the elderly population to remain independent in this way. This increasing demand for smaller adapted homes provides a possible investment opportunity to meet these needs.
If you require any assistance with regard the investment in or development of senior living homes, please contact the Commercial Property team on 01206 700113 or on [email protected].