Colliers CRE: North West care homes charge low rent
Care homes in the North West have recorded the second lowest regional figure in the UK, according to a new report released by Colliers CRE.
Figures in Colliers' Care Homes Review state on average the charges are £475/week, compared to £511 in the North East and £834 in Greater London.
The overall average profit margin in the North West for all types of care homes was 32% which is identical to the national average.
The greatest outlay for care home operators continues to be payroll costs which were over 50% nationally for both nursing and residential homes for the second year running. The figure for the North West stands at 52.6%.
The report stated this will continue to be the case for the second half of 2008, due to rising national minimum wage and holiday contributions.