Healthy outlook for U.K. care markets in 2023

Investors capitalize on the persistent demand for quality healthcare property underpinned by the fundamentals of the elder care market, according to the latest U.K. Healthcare Market Overview 2023 from Knight Frank.

The report presents the need for further investment in the sector, as continued aging of the U.K. demographic is creating significant demand for high-quality, fit-for-purpose beds across the continent. In 2022, approximately 10,000 new beds were granted via planning applications. These include a mix of refurbishment and extensions to existing stock as well as new build schemes. While completion of these schemes will provide a substantial addition to the existing bed supply of about 480,000, an important consideration is the type of scheme and the possibility of delivery. A number of the potential new beds are part of mixed-use schemes with the option for an on-site care setting, which may not reach buildout due to social and economic factors affecting f