The COVID-19 Pandemic has created a degree of material uncertainty in certain sectors of the market to include assets and property both from a valuation perspective and sale. Outside of the Retail, hospitality and leisure industries which saw an unprecedented spike in the early stages of the Pandemic, it is actually too early to assess if any trends are being seen in certain sectors, to date we would argue no and that it has impacted all industries from professional firms to airlines and all that’s in between.
It is likely the impact because of Government intervention will not begin to be seen until Q3 & Q4 of 2021 and most likely into 2022 before we can really see those worst affected by the impacts of COVID & Brexit, and whether any seasonal spending can save UK businesses. That being said, some sectors have been hit worse than others to date to include the travel industry, notably Coach and Bus Operators where prices for assets have plummeted, whilst the printing industry has had its problems through the changes to digital printing, COVID & Brexit, but prices have remained reasonably buoyant.
The property market from a retail and office space has clearly been impacted, not only because of the current climate but a ‘stigma’ hangover of what these markets will look like in the coming months and years, will there be a third wave, what will the new world look like and what type of space do we need if home working becomes the norm. In contrast the Industrial market has remained strong, with high demand for sheds across country, the main issue is the lack of stock coming to the market to meet current demands. We also continue to see some interesting changes in the residential market, with development land being a concern for lenders and investors.
To review some of the above issues in more detail, join the TMA NextGen Bristol for this virtual seminar with Jason Hall, Director and Rachel Basset, Associate Director from the Lambert Smith Hampton Asset Advisory Team as they review some key factors impacting valuations and sales
Some aspects to be included:
- Sector knowledge is key;
- Issues affecting value;
- Examples of impacted sectors to date; and
- Effects on the route to market.
This event is kindly supported by
About the speaker/s
Director Asset Advisory South West & Wales
15 Year’s experience working across all major asset classes and sectors working within Insolvency and Private Client sectors.
Associate Director Asset Advisory South West & Wales
10 Year’s experience within property insolvency covering all major sectors