- Protect Your Land from Village Green and Rights of Way Claims
- The Green Deal and The Golden Rule
- Market Comment
- Ash tree Dieback
- Solar PV Feed-in Tariff (FiT) Update
- Feed-in Tariff and Renewable Heat Incentive Updates
- Comprehensive Review of Feed-in Tariffs
- Catchment Sensitive Farming
- Landlords: The Energy Bill 2011
- Private Sewage Systems
- The Japan earthquake and events in the Middle East will send energy bills soaring
- Customised Farm and Estate Management
- Tenant Deposit Scheme
- Land Prices
- Value Your Inheritance
- Why have good financial records
- Land Values
An up to date analysis of the Cotswolds property market
Published: October 2013
Things in the country property market are getting better; or I think they are. Certainly, we are busier now than we have been for the first part of the year. More property is under offer, or sold. There is not necessarily an increase in viewings, but the offer to viewing ratio is much more positive. There is a 20% rise in buyers’ registration.
After a particularly difficult year for the seller, I believe the pendulum is beginning to swing back in their favour. I would predict that we have reached the bottom of the market in terms of prices and activity. We would advise sellers, who have already made substantial efforts to meet buyer’s demands, not to reduce their prices any further. Equally, buyers should now recognise that this is a good time to invest in a new home, and particularly here in the Cotswolds. If they have found the right house, they should not wait any longer.
There are signs that the economy is moving in the right direction and, with that confidence is growing. We have experienced some competitive negotiations and have had to deal with some disappointed under bidders. There are of course, those who are going to delay their sales, and purchases, until next year. For those who want to move sooner, there may be a window of opportunity now to capitalise on this uplift. We may well see the market run on into November, particularly if it remains warm and the renewed interest gathers a bit of momentum.
Albeit the market has turned a corner, I believe getting round the bend will take time!