With the weather taking a decidely colder feel now, Brokers with thoughts of selling, and who have been looking excitedly at the sale prices achieved in 2022, should take note that there is a chill in the market which could last for years.
Anyone who spent the Festive period moving closer to a decision to sell – shouldn’t waste any time in turning those thoughts into deeds and start the sale process immediately.
From the heady days of 3x commission and fee income and in some cases above in 2022, we are already seeing deals with an average of 2.6x. With the increases in interest rates followed by a tightening of lending criteria this is likely to apply downward pressure even further. It’s clear that it will be a long time before we see the eye watering rates again.
Brokerring are happy to hold a confidential discussion, at no cost, about your own particular needs around sale, semi sale or succession.
Please call to arrange a Zoom or face to face meeting now.
