'Lifestyle' buyers continue to buoy fisheries market
Despite the general malaise in the UK property market during 2018, demand for fisheries remained "reasonably strong", according to fishery sales specialists Fenn Wright.
The company - which publishes the Fisheries4sale.com website, said that as in 2017 the majority of interest came from buyers looking for lifestyle properties with a diversified income, predominantly in the form of holiday accommodation.
According to Fenn Wright Partner Martin Freeman, whilst 2018 was a challenging year for many sectors of the property market, demand for water and leisure property remained consistent.
Writing in the company's 'Water and Leisure Review 2019', he said: "We anticipated a reasonable supply of all property types coming to the market in 2018 and noted that many of these were due to retirement. We predicted that demand would match supply last year and overall demand has been reasonably strong for those properties which were realistically priced."
He added that although there were fewer properties offered for sale in the year - something which followed the trend in other sectors of the property market - he believed that this sector of the leisure market would remain robust into 2019, despite a dgree of uncertainty created by Brexit.
In 2018 Fenn Wright was involved in the successful completion or sales subject to cobntract of around 70 per cent of the property instructions the company received in the £500,000 to £1,000,000 price range.
"This is an improvement on previous years and reflects the sustained demand for lifestyle properties with diversified income, predominantly in the form of holiday accommodation," Martin Freeman added.
The strength of the fisheries property market in 2018 comes against a background of falling angler numbers. A survey of freshwater angling in England carried out by the Environment Agency in 2015 showed that during the year a total of 22.5 million days were spent freshwater fishing - a 22 per cent fall from the 2005 estimate of 28.5 million. Anecdotal evidence gathered by Fisheriesco.uk from some of the more than 100 fisheries on its website indicates this trend has continued as more elderly anglers have either died or been unable to go fishing. At the other end of the age scale, with the advent of new technology youngsters no longer see the appeal of going fishing as did previous generations.
To see what Fenn Wright's Fisheries4sale.com website has for sale follow this link.