RICS Draft Professional Standard: Valuation of medical centre and surgery premises 3rd edition a consultation [Electronic resource]
Language: English Series: RICS ConsultationPublication details: London, Royal Institution of Chartered Surveyors, 2 September 2024Description: 30pSubject(s): Online resources: Summary: GP medical centres are primary care facilities that provide a range of health services to local communities, such as general practice, pharmacy, dentistry, physiotherapy, and minor surgery. They are typically leased to the NHS or GP partnerships on long-term contracts, with rent reviews linked to inflation or market value. The UK GP medical centre property market is a niche sector that also offers attractive opportunities for investors who are looking for stable, long-term returns. According to agents, there are over 8,000 GP medical centres in the UK, with a total value of around £12 billion. As a result, GP medical centres have become an attractive asset class for investors who are looking for stable, long-term returns with low risk. The demand for GP medical centres is expected to increase in the future, as the population ages and requires more health care services. The NHS Long Term Plan also emphasises the need for more investment in primary care infrastructure, to improve access, quality, and efficiency of care. The medical market is a changing one. UK regulation relating to the operation of medical premises and way the health market operates has evolved since 2010 (when RICS last issued valuation guidance in this sector), which some argue has been further escalated by COVID-19. The subject professional standard is relied upon by numerous public stakeholders and therefore needs to be fully up to date. Consultation opened 2 September 2024 closes 4 October 2024.| Item type | Current library | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|
| Online material | Virtual Online | iConsult (Browse shelf(Opens below)) | Available |
GP medical centres are primary care facilities that provide a range of health services to local communities, such as general practice, pharmacy, dentistry, physiotherapy, and minor surgery. They are typically leased to the NHS or GP partnerships on long-term contracts, with rent reviews linked to inflation or market value.
The UK GP medical centre property market is a niche sector that also offers attractive opportunities for investors who are looking for stable, long-term returns. According to agents, there are over 8,000 GP medical centres in the UK, with a total value of around £12 billion. As a result, GP medical centres have become an attractive asset class for investors who are looking for stable, long-term returns with low risk.
The demand for GP medical centres is expected to increase in the future, as the population ages and requires more health care services. The NHS Long Term Plan also emphasises the need for more investment in primary care infrastructure, to improve access, quality, and efficiency of care.
The medical market is a changing one. UK regulation relating to the operation of medical premises and way the health market operates has evolved since 2010 (when RICS last issued valuation guidance in this sector), which some argue has been further escalated by COVID-19. The subject professional standard is relied upon by numerous public stakeholders and therefore needs to be fully up to date.
Consultation opened 2 September 2024 closes 4 October 2024.