Investing in care homes on the rise
According to a new report, Halls, hotels and care homes: the changing face of UK property investment, published by BuyAssociation, care home investment is proving to be a popular choice for people searching for a steady income stream, and choosing wisely can lead to very healthy returns.
They’re also tax efficient; as care homes are classed as commercial assets, they can be included in Self-Invested Personal Pensions.
The report points out that the number of people aged 65 and over is forecast to make up 23% of the UK population by 2035.
Therefore the demand for residential care homes and nursing homes continues to grow apace.
A lack of bank lending for new construction in this area means that it’s opened up to private investors and funds, and as the NHS frequently pays more than 50% of the revenue per home, it’s seen to provide more security than other forms of buy-to-let investments.
To read the full report, Halls, hotels and care homes: the changing face of UK property investment, click here