The number of forecourt sites that were sold or let in 2013 was less than a quarter of the previous year, but there was a 14% increase in values over the same period, according to Barber Wadlow’s Forecourt Property Market Update.

It reports that there were 240 transactions involving forecourts in 2013, compared with 1,100 the previous year.

Values were calculated in association with Experian Catalist, and showed the largest annual increase since 2006. Barber Wadlow said the increase was principally driven by a dearth of available sites.