With residential property values continuing to spiral downwards amid the banking chaos and commerce braced for a serious recession, the childcare sector appears to be bucking the trend. Indeed, it remains remarkably buoyant.
Estate agents around the country approached by Nursery World generally gave an upbeat assessment of the opportunities for selling and acquiring nurseries, although there is a general recognition that a new era of more realistic pricing has arrived. Nevertheless, while some agents have been complaining that they are often only selling one house a week, those involved in the nursery business remain relatively confident and busy.
Huddersfield-based brokers Redwoods Dowling Kerr (RDK) says it enjoyed a 'record month' in September, with agreed offers on 14 nurseries (freehold and leasehold) at a total value of £2.89m and eight nurseries sold with a value of £2.4m.
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