North West deals market bucks trend

THE North West’s deals market has proved to be resilient during the first nine months of 2011 and it is the only region where both the number and the value of completed deals has increased, according to new data from Experian Corpfin.

Although the total value of deals across the UK increased by 15.7% to £181.4bn in the first nine months of the year, the actual number of transactions completed fell by 6.7% to 3,169.

In the North West, however, the number of deals increased by ten to 489 during the period and deal values edged ahead by 3% to £11.5bn.

It was the best performing region outside Greater London, in terms of deals volume and the fourth strongest by value, after Greater London, the South East and the South West.

Experian Corpfin’s business development manager Wendy Smith said: “Deal flow in the UK has been suppressed this year, although the value of activity is remarkably resilient.”