The market for successful lettings businesses is still strong according to one of the country’s leading business transfer agents.
Adam J Walker and Associates has sold Daisy Lets in Maidstone, SD Lambert in Upton and Whites in Farnham since agency business resumed with government approval.
“COVID-19 caused a few obstacles but nothing we could not overcome. Income from lettings and property management has proved to be very resilient. Buyer demand and values have held firm and we expect to be able to announce several more sales soon” says Julie Drake, the broker handling the deals.
Adam Walker himself says: “Whilst the market for good managed letting businesses is still strong, there is not as much demand for residential sales businesses at the moment, but we do hope that this market will recover soon.
“We have agreed two more sales during lockdown, one which will complete at the end of July and the other in September.”