Much has been said and written about the implications of reform of the tenanted and leased pubs market. But, to misquote Mark Twain, reports about the demise of the sector appear to have been greatly exaggerated
Your knowledge of the pub business and how much money you have to spend are key factors in deciding whether you come into the trade on a tenancy, lease or a freehold. It is crucial to get it right first time
Property valuers believe licensees think their pubs are worth more than they actually are, the market is less buoyant than a year ago and almost all say leasehold prices will not increase in the coming 12 months.
Campaigners trying to set up a new pub in Brighton have admitted defeat despite raising £150,000 through crowdfunding, attracting the support of local MP Caroline Lucas and gaining the backing of the lease-holding brewery.
What’s set to happen to the property market in the next two to three years? Leading property agents give their predictions in light of the Brexit vote and new pubs code legislation giving tenants the ability to break the tie.