Removal of political uncertainty could see upturn in fisheries market
The coming year is expected to see an increase in the number of fisheries coming to the market following the removal of political uncertainty as a result of the general election and the Brexit process moving forward, according to fishery sales specialists Fenn Wright.
The company - which publishes the Fisheries4sale.com website - said the latest Royal Institution of Chartered Surveyors Commercial and Residential Market Surveys suggest that expectations point to a more stable trend emerging over 2020.
Writing in the company's 'Water and Leisure Review 2020', Fenn Wright said: "We feel this will be mirrored in the water and leisure property sector and specifically lifestyle properties, which are predominantly bought and sold by individuals rather than large corporate entities."
The review added: "Our view is that there is also some pent up demand from buyers who have been assessing their options and postponing investment. The main factors which support this include the availability of bank borrowing, which is still available on reasonable terms, together with low interest rates."
The review concludes: "Planning is likely to be of continued importance in the year ahead. We anticipate both pre-applicatiobn and full planning applications submitted prior to, or running concurrently with, marketing will continue to be important as buyers look towards alternative uses and expansion of assets with development potential.
"We are also seeing increased demand from angling clubs requiring advice on the value of their freehold properties and seeking restructuring advice to maximise the return on their assets."
To see what Fenn Wright's Fisheries4sale.com website has for sale follow this link.