Poll reveals rise in freehold purchases and ‘a good time to buy’

By | March 9, 2016

Poll reveals rise in freehold purchases and ‘a good time to buy’

A poll of Association of Valuers of Licensed Property (AVLP) members has revealed more people are seeking to buy freeholds than three years ago. A minority of respondents to the poll, in its fourth year, also thought freehold and leasehold prices would rise, leading AVLP honorary secretary Dan Mackernan to state it could be “a good time to buy”. Meanwhile, 61% thought the standard of applicants had risen. AVLP members, consisting of licensed property surveyors and valuers, were polled about the state of the market, with 78% saying more people wanted to buy freeholds than three years ago, while more than half (54%) said fewer people wanted to buy leasehold pubs. Regarding the licensed property market, more than two-thirds (72%) said it was more buoyant than a year ago. Mackernan said: “This year’s findings are particularly interesting, not least that 61% of those polled said they thought the standard of applicants taking licensed property has improved. Another stat that stood out for me was the view that prices of property are thought to be fairly flat, with only 38% of those polled thinking freehold prices will rise and only 11% thinking leasehold prices will rise. This could indicate that it’s a good time to buy.”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.