Christie Group, the specialist hospitality and leisure property advisor, has said a number of transactions expected to complete before the end of the year will now not reach that stage until early 2024.
Buyers and vendors have indicated their intention to delay transactions into 2024 to avoid pre-Christmas operational disruption to their businesses.
Christie said these deals are expected to exchange early in the new year.
As a result of market uncertainty caused by transactional delays and moving deal timings, Chistie said its full results were likely to be below current expectations.
However, it added that its transaction pipelines and activity is much improved from 12 months ago and heading into the start of 2024.
