Christie & Co has reported a 46 per cent increase in pharmacy registration figures since the easing of the coronavirus lockdown.
The property adviser looked at data derived from its ‘buyer registration index’ between April 27 and 22 June 22 – shortly after the government announced gradual easing of restrictions.
The Index is an analysis of website registrations which indicates buyer sentiments and how they evolved during the UK Covid-19 lockdown period as banks began to focus more actively on new lending.
Since the beginning of March 2020, through to the end of June, Christie & Co successfully negotiated 81 sales, after receiving over 210 offers against pharmacies it has for sale.
The company also launched 26 pharmacies for sale and exchanged or completed on 32 sales, with an additional 22 sales agreed in July.
“Whilst at the outset of the pandemic, pharmacy services were placed under significant pressure, both through increased dispensing and retail sales activity, the sector fared far better than many,” said Tony Evans, head of pharmacy at Christie & Co.
He added that the sector has generated a “heightened profile” over the recent months and that the increase in sales volume proved that “the appetite for pharmacy opportunities has grown”.
The Index also reveals that all sectors experienced significant drop in registration figures when lockdown measures were brought in. However, when they began to rise again, the pharmacy sector saw a steadier rise in figures, compared with other sectors the property advisers were looking at.
