The Future of Residential Care
Recent figures show that in the year to September 2015, 189 care homes closed their doors, with a loss of 2,200 beds.
Research shows that if current trends continue, the UK will lose a further 12,000 care beds in the next three years. At the same time, the number of people aged over 65 is expected to increase by a million to 12.4 million, creating an acute shortage in the provision of residential care.
The need for more facilities is there for all to see, yet the prohibitive costs associated with the materials to build them has stalled many new build opportunities. In the meantime, fewer beds are being built each year than are being lost through the closure of residential care homes.
One solution to the problem may lie in the refurbishment and re-use of existing buildings, which can be done more quickly and with less reliance on raw materials than a new build development.
- Knight Frank’s ‘UK Healthcare Development Opportunities’ (2015)
- Knight Frank ‘Specialist Property 2016’