The care market is still relatively strong when compared to other sectors of the UK economy and is perceived by many to be one of the safer opportunities available in today’s economic climate. Savills - Care Home Market Snapshot
(PRWEB) July 26, 2011
Over the past few years there has been an underlying uncertainty regarding England’s care sector and with a rising number of elderly people requiring accommodation, opportunities for care home investments are on the rise in the UK which has led to the official launch of Greetland Retreat to private investors.
Underlying issues such as the rising life expectancy age has been highlighted in a July 2011 report from Commission on Funding of Care and Support (Dilnot).
In this report it was suggested that the current legislation in place cannot sustain the increasing aging population in the long term. With the current system under review, developers are now looking to capitalise on the increasing demand for residential care home investments.
There are numerous locations in the UK causing concern in regards to their capacity to cater for the growing number of people who require specialist accommodation. West Yorkshire in particular is a concern as analysis of the area’s population produced by BNP Paribas in January 2010 indicates that within a 10-mile radius of Calderdale, there are approximately 42,581 persons who are over the age of 65, representing 15.2% of the population.
Elderly persons over the age of 75 represent 7.3% of the total population and the population aged 85 years and over amounts to 5,697. The number of nursing home beds within a 5-mile radius reflects one bed for every 4.5 persons over the age of 85 making the area ideal for care home investment developments.
This has led investment experts Experience International to launch Greetland Retreat, a UK buy to let investment opportunity that has been packaged for private investors to capitalise on this lucrative market and provides 13.06% Net annual yields for investors.
Greetland Retreat is a new 3,000 sqm 65 bed care home based in Calderdale, West Yorkshire. The development is perfect for investors looking for UK buy-to-let investments as it features an array of onsite desirable amenities and has been designed to the highest of standards to cater for the elderly.
Steven Worboys, MD of Experience International comments,
“Previously this asset class was only available to institutional investors. Experience International has now unlocked this unique investment, allowing our members the opportunity to benefit from a low-entry level into this highly profitable asset class.”
The care home investment starts at only £99,950 and offers a 6% return from day one and there’s a buy back scheme in operation providing investors with a precise plan if they decide to sell their investment. The Greetland Retreat is also SIPP and SSAS Compliant.
The property investment experts Experience International can provide you with more information regarding UK buy-to-let investments. If you require more information please email enquires(at)experience-international(dot)co(dot)uk or call +44 (0)20 7321 5858.