房地产 -养老院贸易业绩回顾 - 2025 年 Care Homes Trading Performance Review - 2025

UKCareHomes

TradingPerformanceReview

2025

Furtherimprovementinoperatortradingvalidatesthehealthcaresector'spositivesentiment.

/research

Introduction

RYANRICHARDS,ASSOCIATE

Asinpreviousyears,weareincrediblyproudtoreleaseour14thannual

HealthcareTradingPerformance

Survey.With2024highlighting

strongoperationalindicatorsdespitevariousinflationarycosts,thegreatlyappreciatedcontributionsfromall

surveyparticipantsarevaluableinunderstandinghowthesectorhasbuiltonthisin2025.

Ouranalysiscomparesdatafrom80%ofthecorporatecaremarket,encompassingover100,000care

bedsacross781UKtownsandcities,representingaroundone-fifthof

themarket.

Thisyear,wehaveonceagainseen

animprovementinthetrackedKPIs,

includinganaverageweeklyfeelevelof£1,298perweek,up9.8%from£1,182perweekin2024.Averageoccupancy

levelshaveincreasedto88.7%,upfrom88.3%lastyear.EvenmorepositiveisthatwehaveseenaverageEBITDARMmarginsgrowto30.1%(fourpercentagepointshigherthanlastyear).

LovedayEsher–Loveday&Co

2UKCAREHOMESTRADINGPERFORMANCEREVIEW2025

2025Resultsataglance

AverageWeeklyFee(£)

PERSONAL

£1,153

PRIVATEPAYLOCALAUTHORITY

£1,346£1,018

NURSING

£1,420

ALLCARE

£1,298

PRIVATEPAYLOCALAUTHORITY

£1,461£1,096

PRIVATEPAYLOCALAUTHORITY

£1,638£1,365

Occupancy(%)

PERSONAL

87.4%

PRIVATEPAYLOCALAUTHORITY

83.6%88.7%

NURSING

89.5%

ALLCARE

88.7%

PRIVATEPAYLOCALAUTHORITY

85.1%90.3%

PRIVATEPAYLOCALAUTHORITY

87.3%91.9%

StaffCosts(%)

ALLCARE

PERSONAL

55.4%

PRIVATEPAYLOCALAUTHORITY

47.9%66.2%

NURSING

54.7%

55.3%

PRIVATEPAYLOCALAUTHORITY

46.3%63.5%

PRIVATEPAYLOCALAUTHORITY

44.5%61.5%

EBITDARM(%)

ALLCARE

30.1%

PERSONAL

29.2%

NURSING

31.1%

PRIVATEPAYLOCALAUTHORITYPRIVATEPAYLOCALAUTHORITYPRIVATEPAYLOCALAUTHORITY

39.4%19.7%38.3%14.0%40.5%23.9%

Resultsreportedrelatetooperatortradinginthefinancialyear1stApril2024to31stMarch2025

UKCAREHOMESTRADINGPERFORMANCEREVIEW20253

Sampleoverview

THESAMPLE

Despitethesamplerepresentingasignificantportionofthesector,accuracyandconsistencyremainfundamentaltoourassessment.

We,therefore,continuetoconductourregionalanalysis,asshown

inFigure1,whichcomparesthe

regionalcompositionofthesampletothetotalUKmarket.Onceagain,thishighlightstheclosenessinthecorrelationbetweenoursamplesetandtheoverallmarket,exceptfor

Figure1:Regionalshare–KnightFranksurveyvstotalUKstock

5%

3%16%

5%

1%

3%

8%

20%

8%

10%

6%

6%

3%

12%

8%

12%

10%9%

KnightFranksurvey

12%

9%

5%

●SouthEast

●EastofEngland

●NorthWest

●Yorkshire&TheHumber

●WestMidlands

.SouthWest

●Scotland

●London

●EastMidlands

●NorthEast

.NorthernIreland

Wales

9%

9%

10%

TotalUKMarket

Source:KnightFrankCommercialInsight

TheManorHouseRoundhay–Anchor

Figure2:Averagecarehomeannualincomebyregion

WalesandNorthernIreland,wherethesampleremainsunderweight.

Figure3showsfurther

compositionstatisticsofthesample,withnursingaccountingformostofthesample'scare,andfundingtypefairlyevenlydistributedbetween

SCOTLAND

PrivatePayandLocalAuthority.Asperhistoricaltrends,homesover20yearsoldaccountforapproximately50%ofthesample.

NORTH

EAST

NORTHERNIRELAND

NORTHWEST

YORKSHIRE&THEHUMBER

●>£900,000,000

●£8-900,000,000

●£7-800,000,000

●£6-700,000,000

●£5-600,000,000

●£4-500,000,000

●£3-400,000,000

●£2-300,000.000

£1-200,000,000

<£100,000,000

EAST

MIDLANDS

WEST

MIDLANDS

EASTOFENGLAND

WALES

LONDON

SOUTHEAST

SOUTHWEST

50%

Asperhistoricaltrends,homesover

Source:KnightFrankCommercialInsight

Figure3:Samplecharacteristics

CARETYPE,%OFTOTALBEDS

NURSINGPERSONAL

61%39%

HOMEAGE,%OFTOTALHOMES

0-10YEARS10-19YEARS20YEARS+

28%22%50%

FUNDINGTYPE,%OFTOTALINCOME

PRIVATEPAY(SELF-FUNDED)LOCALAUTHORITYNHSOTHER

46%43%9%2%

Source:KnightFrankCommercialInsight

20yearsoldaccountforapproximately50%ofthesample.

4UKCAREHOMESTRADINGPERFORMANCEREVIEW2025UKCAREHOMESTRADINGPERFORMANCEREVIEW20255

Occupancy

Occupanciesappearedtohave

Figure4:UKcarehomeoccupancyrate

95%COVID-19

OUTBREAK

90%

85%

80%

75%

70%

65%

60%

55%

resumedtheirupwardtrend,insomecases,surpassingpre-pandemichighs.Withthisbeingessentiallyoneofthe

fundamentaltrackingpointsforthe

sector,itwill,nodoubt,providefurthersupporttothesector’sunderlying

credentials.Figure4presentsa

positivetrend,indicatingthataverageoccupancylevelshaveincreasedto

88.7%comparedtolastyear’s88.3%.

Figure6thenhighlightsthe

regionalagesplitofcareresidents.Aswecansee,themajorityofresidentsacrossallsampledregionsfallintotheover-85bracket.Moreinterestingly,

2006/07

2007/08

2008/09

2009/10

2019/20

2022/23

2023/24

2024/25

drillingintothefundingstructureofhomes,wecanseethatthepercentageshareofthoseover85isfargreaterinprivatepay/self-fundedsettingsthaninlocalauthorityhomes.

2010/11

2011/12

2012/13

2013/14

2014/15

2015/16

2016/17

2017/18

2018/19

2020/21

2021/22

50%

Source:KnightFrankCommercialInsight

Source:KnightFrankCommercialInsight

Figure5:Averageoccupancybyregion,2020/21financialyearto2024/25financialyear

2020/212021/222022/232023/242024/25UK2020/21UK2021/22UK2022/23一UK2023/24UK2024/25

105%

100%

95%

90%

85%

80%

75%

70%

65%

60%

NorthWestSouthEastYorkshireandThe

Humber

ScotlandLondonWalesEastof

England

SouthWestWest

NorthernIreland

NorthEastEast

Midlands

Midlands

Thisstatisticcouldbeattributedtoapotentiallychangingwealthprofileamongsttheageingdemographicandeligibilitycriteriaforfunding.Finally,

consideringthetypeofcare,theageprofileis,asexpected,generallymorevaried,astheacuityofcareisnot

dependentonage.Therefore,youngerresidentswhorequiresuchsupport

areenteringnursingcareatanearlierstageoflife,ratherthanlater,when

theywouldtypicallyenterlessacutesettings.Movingontotheaverageage

ofresidentsonaregionalbasis,thisrangesbetween79and86yearsold.

Scotlandhastheyoungestaverageagebasedonthesampledhomes.

Theaveragelengthofstaystatisticsarepresented,suggestinganaverageofapproximately26months.However,severalregionsemergefromthe

samplethatfallabovethisaverage.

Figure5providesaninsightintoregionaloccupancy.Generally,

thetrendispositiveacrossthe

board,withNorthernIreland

havingonceagainshownthemost

significantyear-on-yeargrowth,at

approximately2.5%,closelyfollowedbytheWestMidlandsat2.1%.

East

Midlands

Eastof

England

London

NorthEast

NorthWest

Northern

Ireland

Scotland

South

East

South

West

Wales

West

Midlands

Yorkshire

andThe

Humber

AllUK

EastMidlands

NorthWest

Yorkshireand

TheHumber

SouthEast

London

WestMidlands

NorthEast

Wales

SouthWest

EastofEngland

Scotland

Yorkshireand

TheHumber

NorthEast

NorthWest

EastMidlands

SouthEast

SouthWest

WestMidlands

London

EastofEngland

Wales

Scotland

Source:KnightFrankCommercialInsight

Figure6:Occupancyagesplit

OCCUPANCY(%)AGEDUNDER65OCCUPANCY(%)AGED65-74OCCUPANCY(%)AGED75-84OCCUPANCY(%)AGED85+

PrivatePay

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

Local

Authority

NursingCare

PersonalCare

0%

2024/25Averagelengthofstay(months)

2024/25Averageageofresident

ALLUK

AVERAGEAGEOFRESIDENT

88

86

84

84

82

80

78

40

35

3026monthsAllUKaverage

25

20

15

10

5

760

6UKCAREHOMESTRADINGPERFORMANCEREVIEW2025UKCAREHOMESTRADINGPERFORMANCEREVIEW20257

Fees&sourceoffunding

Figure9:Evolutionoffunding

Figure7:Averageweeklyfeeuplifts2024/25

Figure7showsaveragefeegrowthacrosstheUK,up10%inallcare.

Whilethereisstillasubstantial

NHSFUNDED

PRIVATEPAY(SELF-FUNDED)LAFUNDED

OTHERFUNDED

varianceinlevelsbetweenlocal

authorityandprivatepayfees,

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%2016201720182019

personalcareaverageweeklyfeessawthemostsignificantgrowthat12%.

MovingontoFigure8,whichfocusesonregionalgrowthin

10%

Allcare

12%

Personal

11%

Nursing

10%

Private-pay

7%

LocalAuthority

feelevels,wecanseethatthe

Scotlandhasbenefitedfromthemostconsiderableincreaseintheyear,at16.1%.

Consideringfundingstructures

forthevariousregionsandtheUK,

Figures9and10suggestthatthe

NorthEastemergesastheregion

withthemostsignificantshare

Caretype

Fundingtype

Source:KnightFrankCommercialInsight

attributedtoprivatepay/self-fundedincome.Thisyear,wecanseethattheoverallfundingsplithasremained

2022202320242025

20202021

verymuchinlinewithprevious

Source:KnightFrankCommercialInsight

years,highlightingareasonablyevensplitbetweenprivatepayandlocal

Figure8:Averageweeklyfeesbyregion2024/25

20242025

Figure10:2024Fundingsplitbyregion

authorityfunding.Incontrast,theNHSfundingpercentagehasdippedslightlyagainthisyear.Thismaybearesultingfactorofmultiplebattlesbeingfoughtatthislevel,suchas

NHSFUNDEDOTHERFUNDED

LAFUNDED

PRIVATEPAY(SELF-FUNDED)

£1,700

100%

90%

£1,500

thefundingpressurestointegratedcareboards.

80%

£1,300

70%

£1,100

60%

50%

£900

40%

30%

+10.8%

+5.4%

+12.5%

+8.3%

+14.8%

+6.2%

+15.5%

+12.9%

+6.2%

+7.9%

+11.5%

+16.1%

£700

20%

EastMidlands

EastofEngland

London

NorthEast

NorthWest

NorthernIreland

Scotland

SouthEast

SouthWest

Wales

WestMidlands

Yorksshire

&TheHumber

UK

10%

0%

£500

“TheNorthEastemergesastheregionwiththe

Scotland

Wales

East

Midlands

NorthernIreland

NorthWest

YorkshireandTheHumber

West

Midlands

£300

EastofEngland

SouthEast

SouthWest

NorthEast

London

mostsignificantshare

attributedtoprivatepay/self-fundedincome.”

Source:KnightFrankCommercialInsight

Source:KnightFrankCommercialInsight

8UKCAREHOMESTRADINGPERFORMANCEREVIEW2025UKCAREHOMESTRADINGPERFORMANCEREVIEW20259

continuetheirrespectiverecoveryjourneys,theindustrymustremainanattractiveoptionforstaff.

Figure14showsadeclinein

agencyuseasapercentageofstaffcoststo3.3%from7.0%inpersonalcareand2.9%from6.8%innursingcarefortheyear.

WhileFigure15highlights2014asthepointatwhichaverageweekly

feesandstaffingcostsbeganto

outpaceRPIinflationintermsof

growth,2022/23sawthequestion

raisedoftheextenttowhichfee

increaseswouldbeabletoaid

operatorsintheirattemptstoabsorbinflationarypressures.Wecan,

however,nowseethat,startingwith2024andcontinuinginto2025’s

figuresRPIhasindeedmoderatedrelativetostaffingcostsandfees.

Costs&staffing

Figure11:Staffcostsas%ofincome,since2012/13

STAFFINGCOSTS

Staffcostsperresidentareupon

64%

62%

60%

58%

56%

54%

52%

2008/09

2009/10

2010/11

2011/12

2012/13

2013/14

2014/15

2015/16

2016/17

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

theyear,risingby7%to£37,877,asshowninFigure11.However,whilethisisup,wehaveseenitfallwhenanalysedasapercentageofincome,byunderstandingthechangeinstaffcostsasapercentageofincome,

asshowninFigure12.Wecansee

thatthisfellfrom56.7%to55.3%,

representinga1.4%relativedecreaseintheyear.

Aswithlastyear,thisyear’s

surveyhaspresentedagrowthinthewagesofcarersandnurses.Figure12showsthattheaveragenursewage

perhouris£22.20,upby20.7%,a

substantialincreasefromlastyear,

whiletheaveragecarerwageper

hourisup12.8%at£12.95.Despite

beingsignificant,thesecarerwage

increaseshavelaggedbehindthe

50%

Source:KnightFrankCommercialInsight

nationallivingwageuntilnow,whichsawalesssubstantialriseof6.7%andisnowat£12.21perhour(duetoriseanother4%inAprilto£12.71).As

Figure12:AveragecarehomewageratesandNationalLivingWage,perhour

2018/192019/202020/212021/222022/232023/242024/25

£22.20

£19.10

£18.10£18.40

£16.90£17.38£16.04

£12.95

£12.21

£11.44£10.42

£11.48

£10.78

£9.71£8.33£8.75£9.23

£8.72£8.91£9.50

£8.21

NURSECARERNATIONALLIVINGWAGE

Source:KnightFrankCommercialInsight

sectorssuchasretailandhospitality

East

Midlands

Eastof

England

London

North

East

North

West

Scotland

South

East

South

West

Wales

West

Midlands

Yorkshire

andThe

Humber

Figure13:2024/25Ancillaryrate/hour(£)

2024/25ANCILLARYRATE/HOUR(£)ALLUK

12.20

Source:KnightFrankCommercialInsight

13.60

13.40

13.20

13.00

12.80

12.60

12.40

Source:KnightFrankCommercialInsight

Figure14:2024/25Managementstaffaveragesalary(£)

2024/25MANAGEMENTSTAFFAVERAGESALARY(£)ALLUK

70,000

60,000

50,000

40,000

30,000

20,000

10,000

East

Midlands

Eastof

England

London

North

East

North

West

Scotland

South

East

South

West

Wales

West

Midlands

Yorkshire

andThe

Humber

0

£12.21

Figure15:Fee&staffcostsyearonyearchange

AWF%CHANGEYOYSTAFFCOST%CHANGEYOYRPI

20.0

15.0

10.0

5.0

0.0

-5.0

-10.02009/102010/132012/132012/132013/142014/152015/162016/172017/182018/192019/202020/212021/222022/232023/242024/25

Source:KnightFrankCommercialInsight

TheNationalLivingWageisnow£12.21forover25s.

10UKCAREHOMESTRADINGPERFORMANCEREVIEW2025UKCAREHOMESTRADINGPERFORMANCEREVIEW202511

Figure17:Fee&staffcostsindexed

PRIVATEPAYLOCALAUTHORITYSTAFFCOSTSRPI

180

170

160

150

140

140

120

110

100

90

80

Figure16followsthisandpresentstheyear-on-yearchangesfromFigure15,indexingthemfrom2009to2025.Thestorypresentedhereisthat,in

pastyears,RPIhadlaggedfeegrowthonanindexedbasis.However,the

2022and2024resultssawthespreadbetweenthetwotightenduetothesizeoftheincreaseinRPIrelativetoaverageweeklyfeegrowth.However,wearebeginningtoseethatthe

2016/17

2017/18

2010/11

2011/12

FY24/25

2013/14

2014/15

2015/16

2016/17

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2008/9

2009/10

2010/11

2011/12

2012/13

2013/14

2014/15

2015/16

2016/17

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

Figure16:Fee&staffcostsindexed

AWFGROWTHRPI

STAFFCOSTGROWTH

230

220

210

200

190

180

170

160

150

140

130

120

110

100

90

80

70

70

2016/172017/182018/192019/202020/212021/222022/232022/242024/25

Source:KnightFrankCommercialInsight

Source:KnightFrankCommercialInsight

Figure18:UKstaffcostsvsNationalLivingWage(NLW)

STAFFCOSTSPERRESIDENTP.A.NLW(RHS)

£40,000

£15

£35,000

£12

£30,000

£25,000

£9

£20,000

£15,000

£6

£10,000

£3

£5,000

£0£0

Source:KnightFrankCommercialInsight

spreadiswideningonceagain.

PROPERTY&FOODCOSTS

Figures19&20presentthetrendsinpropertyandfoodcosts,

respectively.Propertycostsper

bedroseto£4,427,representingan18%increasefromthepreviousyear,whilefoodcostsperbed

remainedflatat£2,230.The

graphsalsoshowthatfrom

2018to2025,propertycostsandfoodcostshaveexperienced

cumulativerisesof21%and52%respectively.

£4,427

Propertycostsperbedroseto£4,427,representingan18%increasefromthepreviousyear

Figure19:Propertycostsperbed(2018-2025)

20182019202020212022圜202320242025CUMULATIVE%CHANGE

£6,000200%

£5,500

180%

£5,000

160%

£4,500

140%

£4,000

120%

£3,500

100%

£3,000

80%

£2,500

60%

£2,000

40%

£1,500

20%

0%

£1,000

SouthEast

SouthWest

Scotland

EastofLondonEngland

YorkshireandTheHumber

West

Midlands

East

Midlands

NorthWest

Wales

NorthEast

NorthernIreland

AllUK

Source:KnightFrankCommercialInsight

Figure20:Foodcostsperbed(2018-2025)

20182019202020212022202320242025CUMULATIVE%CHANGE

£2,600

70%

£2,400

£2,200

£2,000

£1,800

£1,600

£1,400

£1,200

60%

50%

40%

30%

20%

10%

0%

£1,000

SouthEast

SouthWest

Scotland

EastofLondonEngland

East

Midlands

YorkshireandTheHumber

West

Midlands

NorthWest

Wales

NorthEast

NorthernIreland

AllUK

Source:KnightFrankCommercialInsight

12UKCAREHOMESTRADINGPERFORMANCEREVIEW2025UKCAREHOMESTRADINGPERFORMANCEREVIEW202513

Figure23:Propertycostsbyregion(£)2024/5

Figure21:Agencystaffcostsas%oftotalstaffcosts

UTILITIESCOSTSCOUNCILTAX/RATESCOSTSINSURANCECOSTSREPAIRS&MAINTENANCECOSTSOTHERPROPERTYCOSTS

2.9%

3.3%

2025

6.8%

2024

7.0%

13.9%

11.6%

2023

10.5%

2022

7.0%

7.4%

2021

4.8%

9.9%

2020

6.0%

9.7%

2019

6.0%

9.3%

2018

5.4%

8.5%

2017

4.1%

Source:KnightFrankCommercialInsight

Withcostinflationbeingakeytopicinthecurrenteconomicclimate,thisyear’sanalysishasseenusfurther

breakdownpropertycosts.Thefirsttakeawayfromtheinfographicisthepercentageshareofpropertycosts

attributedtoutilities.Theaverage

priceofutilities,basedonthesample,

accountsforalmost36%ofpropertycosts,comparedto47%lastyear.

Movingfurtherintoourutilitycostsanalysis,wecanseethebenefitsthatnewerhomesofferintermsoftheir

averageutilitycostsperbedandasapercentageofincome;thesamecanbesaidforpurpose-builthomes.

Thetrendemergingsuggests

thatnewer,aswellaspurpose-built

homes,arealsomostlikelytofallintothecategoryofthemorelarger,fit-

for-purposehomesthatbenefitfromeconomiesofscale.Therefore,whilethecostsarehigheronaper-bedbasisasapercentageofincome,theyare

indeedbetteroff.

Figure22focusesonthecapital

expenditurethisfinancialyear.We

canseethatmostcapitalexpenditureisdirectedtowardsrefurbishment,

ratherthanmaintenancespending,aswasthecaselastyear.This

continuestobuckthetrendof

previousyearsandmaybeduetoimprovedcashreservesormorefavourablefinancingconditions.

36%

Utilitycostsaccountforapproximately36%ofpropertycosts(downfrom47%lastyear).

NURSINGCAREHOMESPERSONALCAREHOMES

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

East

Midlands

EastofLondonNorthEast

England

NorthWest

NorthernScotland

Ireland

SouthEastSouthWestWales

West

Midlands

Yorkshire

andThe

Humber

Source:KnightFrankCommercialInsight

Utilitycosts

Figure22:Capitalexpendituresplit

52%

Refurbishment

37%

Maintenance

10%

Other

UTILITYCOSTSAS%OFPROPERTYCOSTS

3.67

2.90

2.73

2.45

2.16

Conversion

PurposeBuilt

UTILITYCOSTSBYPROPERTYAGE

0-10yearsold(openedafter2010)

10-20yearsold(opened2000to2010)

20-30yearsold(opened1990to2000)

30yearsandolder(openedpriorto1990)

UTILITYCOSTSBYPROPERTYSIZE

1-39beds

40-59beds60-79beds

80-99beds100+beds

2022202320242025

2.3%3.5%3.10%2.65%

1.9%2.8%2.75%2.59%

2022202320242025

1.7%2.8%2.4%2.63%

1.8%3.9%3.2%3.01%

2.0%4.1%2.8%2.46%

2.2%3.0%3.1%2.41%

2022202320242025

2.66%3.63%3.22%2.97%

2.15%3.18%3.16%2.67%

1.84%2.62%2.63%2.47%

1.65%2.36%2.33%2.29%

1.60%3.05%2.90%2.40%

2022202320242025

30.2%42.7%40.7%34.1%

30.7%35.0%41.1%36.2%

2022202320242025

30.3%36.4%37.6%41.7%

28.5%49.8%44.9%41.7%

32.0%47.6%43.4%41.7%

28.7%41.4%38.4%35.9%

2022202320242025

30.8%41.6%37.4%30.7%

30.4%40.3%41.8%31.8%

30.4%33.6%41.4%37.1%

31.3%27.5%40.4%34.7%

31.6%47.6%46.9%46.7%

2025

1,903

1,777

2025

1,960

2,019

1,715

1,536

2025

2,043

1,707

1,774

1,578

1,581

2024

1,970

1,710

2024

1,647

1,927

1,673

1,783

2024

2,010

1,828

1,733

1,509

1,673

2025

5.21

4.87

2025

5.37

5.53

4.70

4.21

2025

5.60

4.68

4.86

4.32

4.33

2023

1,990

1,544

2023

1,648

1,976

1,930

1,399

2023

1,993

1,669

1,527

1,379

1,565

2023

5.45

4.23

2023

4.51

5.41

5.29

3.83

2023

5.46

4.57

4.18

3.78

4.29

2024

5.40

4.68

2024

4.51

5.28

4.58

4.89

2024

5.51

5.01

4.75

4.13

4.58

2022

1,213

990

2022

971

920

1,003

1,102

2022

1,339

1,059

996

894

787

2022

3.32

2.71

2022

2.66

2.52

2.75

3.02

2022

UTILITYCOSTSPERBED/PERDAY(£)

UTILITYCOSTSAS%OFINCOME

UTILITYCOSTSPERBED(£)

UTILITYCOSTSBYPROPERTYTYPE

Source:KnightFrankCommercialInsight

Source:KnightFrankCommercialInsight

14Source:KnightFrankUKCAREHOMESTRADINGPERFORMANCEREVIEW2025

UKCAREHOMESTRADINGPERFORMANCEREVIEW202515

Regulatory

Figure24:SampleCQCratingscomparisonwithtotalmarket

CQCratingsofthesampleshow

KNIGHTFRANKSURVEYTOTALUKMARKET

minimalvariationfromtheoverallmarket.Figure24showsthe

sample’sconsistencywiththe

Outstanding

Outstanding

4%

6%

market,showingthat6%ofhomesareratedoutstanding,77%asgood,17%asrequiringimprovement,andnoneasinadequate.Thisindicatesanimprovementintheoutstandingcategoryby1%followinglast

77%

Good

77%

Good

year’ssurvey.

Figure25providesamore

17%

Requires

improvement

2%

17%

Requires

improvement

granularviewofregionalratings,suggestingaconstanttrendacrossallregions.ThestandoutsaretheNorthWestandtheSouthWest,

Inadequate

Source:KnightFrankCommercialInsight

Figure25:SampleCQCratings

OUTSTANDINGGOODREQUIRESIMPROVEMENT

180

160

140

120

100

80

60

40

20

0EastMidlandsEastofEnglandLondonNorthEast

NorthWestSouthEastSouthWestWestMidlandsYorkshireand

TheHumber

Source:KnightFrankCommercialInsightS