Sign up

Complete your details below and join 10,445 other anglers who simply love finding new places to go fishing.

  • Save your favourite fisheries and holidays
  • Share your saved venues with friends
  • Get notified on new fishing venues in your area via email
  • Post comments and join in discussions
  • Receive our ‘tightlines’ newsletter
Your form contains errors, highlighted below.

Lost your password?

Forgot Your Password?

Enter your email address and we'll send you a link you can use to pick a new password.

Covid crisis increases demand for fisheries

A change in people’s attitude to work-life balance as a result of the Covid-19 pandemic led to an increased demand for fisheries between April and June 2020 with lifestyle and semi-commercial venues particularly appealing to purchasers, according to fishery sales specialists Fenn Wright.

Writing in their “Water and Leisure 2021 Market Update”, the company said: “When the Covid-19 pandemic struck in March, initially the water and leisure market came to a halt along with the entire property sector. However, as time passed it became clear that with more people at home, whether working, furloughed or unable to work, many began to reassess not only where they were living but also seeking a better work-life balance for the future.”

Describing 2020 as one of the most extraordinary years in the company’s 252 year history, Fenn Wright added: “With heavy restrictions on foreign travel and people wanting to be active outside, the domestic leisure and holiday market became a very attractive proposition. Specifically, we received a lot of interest in semi-commercial or lifestyle properties deriving an income, together with residential properties with water for private use.”

The result, the company said, was a significant increase in buyer demand between April and June when Fenn Wright saw a 55 per cent increase in new buyer registrations and almost unprecedented levels of activity in the market. “In terms of overall sales, 78 per cent of all properties taken on during 2020 were either sold or sold subject to contract. The average time taken to agree a sale pre-Covid was 59 days compared to 28.5 days in the seven months following March, where we also achieved a number of off-market sales,” said the report.

The surge in market activity had a positive impact on the price of water and leisure properties, specifically those with holiday accommodation, specimen fisheries and residential properties with water. Properties at the higher end of the lifestyle market, £750,000 to £1,000,000-plus, experienced the most notable rise, a sector which had been particularly price sensitive in recent years, the company said.

Despite this increased demand, supply of new properties coming to the market has not dramatically increased, something which is likely to be the result of a post-lockdown boost in sales for many business operators in the leisure sector supported by an increase in domestic tourism and Government interventions such as VAT reductions, the report said.
As lockdown restrictions eased on July 4, many operators offering holiday accommodation in England reported a significant increase in bookings. There was a sharp rise as people strived to make the most of the remaining summer season, amid fears over restrictions on foreign travel and quarantine periods.

“As well as increased consumer demand for domestic holidays, a combination of factors has meant we have seen increased demand from buyers. Lifestyle changes and a shift in the way we work have resulted in a sunrge of interest in holiday accommodation for private use, together with holiday complexes and lifestyle properties which provide an income,” the report said.

Fenn Wright added: “During 2020, our Water and Leisure team sold or agreed sales on 78 per ent of properties that came to the market. This was an acceleration of a trend we had experienced over the past two to three yearsprior to Covid-19, with increased focus on domestic holidays or ‘staycations’ being mirrored by buyers actively looking to purchase leisure propertyies with water.”

Looking forward to 2021, the company said that if market conditions stay relatively stable it predicts that demand will remain high, supported by those looking for lifestyle changes and a desire to invest in domestic leisure and tourism. “Water and leisure business operatyors are likely to continue to be busy, with an increase in UK ‘staycations’ underpinned by the increased risk and/or difficulties of travelling abroad, as it looks likely Coronavirus will be with us for some time”.

To see a full copy of the Water and Leisure 2021 Market Update visit: www.fisheries4sale.com.

Written by Daniel Hardy


Post a comment

Leave a Reply

Similar articles

One of Arrow Meadow Fisheries' new lakes at Leigh Sinton

Leigh Sinton Syndicate Open Days

The fast expending Arrow Meadow Fisheries, which operates a portfolio of exclusive venues in the Midlands, is inviting anglers to join a syndicate to fish its four new specimen carp lakes at Worcestershire’s Leigh Sinton Farm. In advance of opening …

Clean river

State of our rivers a ‘National Scandal’ says Angling Trust

The pollution that is pouring into our rivers is nothing short of a scandal – a political failure, a failure of our regulators and those responsible for monitoring and enforcing action to protect our rivers.
Fishing Norfolk Broads

Norfolk Broads barrier plans slammed

Fisheries scientists and angling groups have slammed the Environment Agency after it gave the go-ahead for controversial fish barriers to be built at one of the prime spawning locations for coarse fish on the Norfolk Broads, according to a report…
Angel Of The North Fishing Lakes

Angel records tumble as angler hauls in 602lb catch

Angel of the North Fishing Lakes records tumbled with a huge haul of 602lbs taken by Angel regular Andy Hudson setting a new lake record on Bowes in the autumn.
One of the new cabins at Broad Acres Fishery

Broad Acres installs lakeside Anglers’ Pods

Worcestershire’s Broad Acres Fishery has installed four timber Anglers’ Pods on Main Lake to provide day and night ticket anglers with accommodation which is a touch more luxurious than standard bivvies.
Are water companies failing our rivers?

Water companies fail to cut river pollution

Water companies continue to fail to cut pollution from raw sewage spills into rivers and coastal waters, according to the Angling Trust.

Search by Region or County

Find new places to go fishing in your local area or county by choosing your destination below