UK Healthcare Property 2018 Autumn Winter review
The UK healthcare market has continued to experience some headwinds in 2018.
The social care funding crisis continues to impact many local authority funded homes with almost 7,000 beds deregistered in 2017/18, while increases in the National Living Wage (NLW) and a shortfall of nurses is presenting many operators across the healthcare sector with both increased staffing costs and a shortage of skilled labour.
In response, new development remains focused on the private pay personal care home market where the effect of such challenges are less prominent.
To read more of Knight Franks Autumn/Winter review - follow this link.