Fishery prices expected to remain stable
The price fishery owners can expect to receive when they come to sell their venues is expected to remain relatively stable over the coming 12 months, according to Fenn Wright's specialist fishery sales agency 'Fisheries4sale.com'.
Lifestyle properties with fishing lakes, holiday accommodation and an owner's residence were the most sought after and accounted for 40 per cent of its sales in 2016. However, demand for all types of coarse fisheries, especially those with carp, remained strong as well. Properties worth more than £1 million were less popular - a trend which was reflected in thr wider country homes market.
Writing in its 'Water and Leisure Review 2017', the company said: "Those businesses which can show year on year profit growth will achieve better sale prices. With the EU referendum decided, low interest rates and better availabilty of finance, we anticipate that the demand for profitable water and leisure businesses which include an owner's dwelling will continue to be strongest."
Fenn Wright added: "There is an expectation that interest rates will rise in 2018. However, demand for all types of property with water is likely to remain reasonably good if vendor's expectations are not unrealistic."
Fenn Wright said a total of 612 new buyers registered their requirements with the company in 2016 whilst it sold or sold subject to contract 71 per cent of the properties on its books.
See what Fenn Wright's Fisheries4sale.com have for sale by following this link.