Carehome Investments are gaining a lot of traction within the property community due to the ethical element that they bring about.
As is well known, the carehome industry has rapidly expanded over the last five years and is forecasted to keep growing with double digit growth expected.
A primary factor for the upsurge in Carehome Investments is the high yield for investors with a long waiting list of clients ready to take residency.
As a country, the UK is ageing; care for the older population is already generating an income of £14.5 Billion for the UK economy every year (AMA Research Ltd), the majority of which is funded by the government.
This figure is due to increase as the UK population ages. Estimates from the Office for National Statistics (www.ons.gov.uk) suggest that 1 in 4 people will be aged 65+ by 2050, representing a 56.3% increase from 2012. A total of 8 million people will be aged 80+ by the same year.
In order to begin to meet the demand, the UK government has committed to transferring £3.8billion from the NHS (National Health Service) for joint NHS and local council decisions about the funding of health and care services from the outset of 2015. Key decisions are now being made at local levels to ‘deliver better outcomes and greater efficiencies through more integrated services for older and disabled people’ (Age UK).
Enam have partnered with major developers in the sector and are happy to show you what this market can offer you.