According to a goodwill survey by the National Association of Specialist Dental Accountants & Lawyers (NASDAL), the average dental sale value increased to 107 percent for the quarter ending 31st October 2011.
As practices with NHS contracts continue to be highly sought after, the significant number of such practices which have changed hands fuelled the increase in sale value.
The average percentage of goodwill to fee income was 121 percent for NHS practices, while the small number of private practices that were sold mostly attracted less than 100 percent of their turnover.
Additionally, bankers are now much happier to lend for the purchase of an NHS or mixed practice compared to a purely private one, and orthodontic practices are also proving popular.
This trend is set to continue until the introduction of a new contract in 2014, giving dentists time to develop a positive reputation and consolidate their purchase.