WASHINGTON--(BUSINESS WIRE)--It’s been a long time coming…
But experts say they can finally see the start of a strong upturn in the UK business transfer market.
According to Paul Mitchell, Director of RTA, (http://rtabusiness.co.uk) Europe’s largest business broker, 2014 has already got off to flying start – with demand for viewings in January and February already up 51 per cent on last year.
At the same time the company, which brokers business and commercial property sales in the UK and Europe, has reported a 100 per cent increase in website registrations and 20 per cent rise in new business instructions in the last eight weeks alone.
As Paul, explains: “We are seeing a definite change for the better and a very clear rise in demand – on all types of properties.
“In recent years we have been seeing an upturn on larger, higher value premises and businesses, now that seems to be extending to small and medium-sized properties too and that has to be good news for the wider economy.
“In the last couple of months alone we have helped manage the sales of two very large hotels – valued at £4 million – in Cornwall and Bournemouth.
“They show very clearly that there is renewed interest in great investment opportunities.
“But demand is high for smaller properties too – anything from £25,000 upwards – so the positive moves are being seen market-wide.
“Of course, January and February are traditionally busy months – as people make a new start and show new enthusiasm for planning and acquisitions – but as we enter March things aren’t slowing down – indicating that this is now a long-term trend.”
Paul Mitchell has spent three decades working in the SME and franchise sector, both here in the UK and abroad.
As a Director of Europe’s largest business broker, RTA, (http://rtabusiness.co.uk) he advises on all aspects of purchase and takeover process, including mergers, acquisitions and brokerage.
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