A lack of commercial finance available to private pub buyers is contributing to declining property prices, it has been claimed.
A lack of readily available
commercial finance is contributing towards declines in pub property prices, it has been claimed.
As soon as
sources of finance are made available to private buyers, "the market will recover", according to public house lettings and valuations specialist AW Gore & Co.
Senior partner at the firm Roger Thomson indicates that the average value of property fell by around 25 per cent in 2009.
He said: "The problem that we have got out there - as far as privately-owned free houses are concerned - is that there are no buyers around.
"Companies like Enterprise, Punch and Shepherd Neame have withdrawn from that market so we have got only private individuals and they can't borrow the money."
Last month's figures from the British Beer and Pub Association (BBPA) confirm Mr Thomson's analysis of the decline in the public house market.
Data shows that in the first six months of 2009, 281 pubs closed in London, while three closed per week in the south-west of the country.
Latest News 
