"We are experiencing a vast number of seasoned buyers in the market but there are also quite a lot of newcomers which is encouraging. I believe this is because the Care Home sector provides a good profitable long term business, unlike for example, the retail and manufacturing sectors, which are more closely linked to the economy. The private Care Home market responds to the rising elderly population who, having a greater disposable income through investments, property, pensions, than previous generations, can afford quality care provision from within the private sector.

"For example, in Bexhill-on-Sea, a popular retirement area on the South Coast, we have recently acted for Vendors who have sold their three Care Homes with registrations of 15, 17 & 20 respectively. All went to first time buyers in the Care Home Market. This is an expected trend for Homes with small registrations as existing operators tend to purchase businesses with registrations of anything from 25 upwards. The acquisition of a Care Home normally offers the advantage of a freehold property purchase plus an increasing value business. Whereas retail purchases often involve a diminishing value lease and a business value linked to retail sales.

"Having said this, the more seasoned buyers are still very much in abundance on our mailing list, many of whom are well known to us, and already own several Homes. Quite a number of these are on the acquisition trail for more Homes, and building a group seems to be what a lot are seeking to do. Consequently, this area of the market also continues to be very busy.