Interest in purchasing businesses across the South West & Wales remained strong in 2018 with increased demand from both domestic and overseas investors seeking opportunities to create upside and add value, according to the latest annual report by specialist business property adviser, Christie & Co.
The report, ‘Business Outlook 2019: Navigate, Innovate, Accelerate,’ reflects on the themes, activity and challenges of the previous year and forecasts what 2019 might bring across the regions in which Christie & Co operates, including the South West & Wales, with offices in Bristol, Cardiff and Exeter. Christie & Co kicks off a series of regional report launches in Bristol, followed by events in Exeter, Cornwall, Cardiff and Swansea.
The South West & Wales Business Outlook focus emphasises opportunities in the region for investors and operators, as developments look to promote businesses in both major cities and rural locations. The region will continue to attract an array of international buyers and investors due to the weakened pound and low interest rates, especially in the hospitality sectors, while consumers continue to have a strong affinity with local outlets, presenting independent and regional operators with opportunity to embrace emerging consumer trends and diversify their income.
Rob Kinsman, Regional Director – South West & Wales at Christie & Co comments,
“There is no doubt that the past year has been a struggle for some businesses in the UK, particularly on the high street and casual dining operations, however there has also been plenty to be optimistic about. Consumer demand across many sectors grows, particularly those with exciting concepts or which are successfully utilising new technologies, whilst investment from overseas has seen a healthy continuation, which doesn’t look set to slow. With ever changing political and consumer landscapes, being aware and prepared to adapt will help business flourish this year.”