Britain's £160m pub market revealed as World Cup fever renews love for British boozers
The latest research from LandSale, the property portal dedicated to land and rural property, has found that there are currently an estimated 426 pubs listed for sale across Great Britain, with a combined asking value approaching £160m, as England's run to the knockout stages of the World Cup once again shines a spotlight on our love for the Great British boozer.
LandSale analysed* its own internal data of live pub listings currently on the market, assessing regional availability, average asking prices and the estimated total value of pubs currently on the market across Great Britain.
The analysis shows that Britain's current pub for sale stock boasts a total market value of £159.8m, with the average pub commanding a price tag of £375,000 across Britain.
The South West is home to the largest number of pubs currently on the market, with 82 establishments up for sale, accounting for 19.2% of all listings across Great Britain. The region is also home to the highest total market value, with pubs currently listed carrying a combined asking value of more than £40.2m.
Wales ranks second, with 69 pubs currently available for sale and a combined market value of £20.4m, whilst Yorkshire and the Humber places third for availability with 50 listings. Together, the South West and Wales account for more than a third of all pubs currently listed for sale across Great Britain.
Whilst the South West dominates in terms of availability, London is home to the highest average pub asking price. Pubs currently listed in the capital command an average price of £695,000, considerably higher than the national average of £375,000. The South East ranks second at £549,975, followed by the South West at £490,000.
At the other end of the market, Yorkshire and the Humber and the North East offer the lowest average asking prices at £225,000, followed by Scotland at £260,000 and Wales at £295,000.
Adam Morris, Founder of LandSale, commented:
"Major sporting tournaments always remind us of the important role the local pub continues to play within communities. Whether people are gathering to celebrate a famous win, watch the next match or simply enjoy the atmosphere, pubs remain one of Britain's most iconic social spaces.
Whilst many people see pub ownership as something out of reach, the market offers a surprising breadth of opportunities across the country. From traditional village inns and countryside pubs to larger hospitality businesses, buyers have a wide range of options depending on their ambitions and budget.
The regional differences are particularly interesting. London continues to command the highest asking prices, reflecting the value of commercial property in the capital, whilst regions such as the South West offer the greatest choice for prospective buyers. For anyone inspired by the atmosphere that major sporting events create, there has rarely been a better time to explore what the market has to offer."
