Property News · March 20, 2017

Residential care costs 'can soak up over 50% of property values'


Study finds the cost of a typical residential care home stay around the UK to range from 18% to 56% of average house valuesThe cost of an average stay in a residential care home can swallow up more than half the value of an individual’s house in some parts of the country, according to new research. The findings, which show that the typical person entering residential care will face a total bill of £50,000-£93,000 depending on where they live, will fuel the debate about social care funding. Continue reading…

Source : theguardian.com
Read more…Residential care costs ‘can soak up over 50% of property values’

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