The announcements in the budget definitely lead to the market pausing as people revalued their budgets with increasing employer NI contributions, additional Stamp Duty on second homes and increasing school fees. We have not yet seen any impact on pricing from these changes and homes in catchment areas of Outstanding state schools could see a boost in value.

Although the drop in interest rates is not expected to be slower than previously thought, it should begin to creep back down giving the market more confidence to make decisions. The Cotswolds does feel the pain of a tougher market less than others and I think we could be in for an exciting spring market.