
Market comment from Sam Butler, Senior Partner Butler Sherborn

Thanks to an unprepared mini budget, and one that was not supported by the Office for Budget Responsibility (OBR), shock waves have reverberated through the property market.
Interest rates have risen sharply, quickly catching out buyers and sellers. Unsurprisingly, confidence has been knocked.
Our feeling is that interest rates were on the rise and would have reached the 6% levels in the spring in any event, but the mismanagement of the economy by the Government has been the catalyst.
We have seen prices make a 5% downward adjustment over the last two weeks, but with buyers remaining committed to buying a house in the Cotswolds.
Fundamentally, we believe the market remains strong; for the last two years there has been an imbalance between a shortage of stock and an abundance of buyers.
There are no significant signs of this changing, but we all dislike uncertainty. On the flip side, The Cotswolds remains a hugely attractive area in which to live and to buy your forever home".
To discuss this or any other property matters, Contact Sam Butler on 01285 883740 or sam@butlersherborn.co.uk

Mortgage Rates - Recent Update
Charlie Huxley, the founder of Huxmor Limited, discusses the recent developments in mortgage rates. While the changes may not be dramatic, they create a vital opportunity for homebuyers and landlords to take decisive action and leverage on strategic advantages.
Market Update
Pub Of The Month - The Woolpack, Slad
Nestled in the Slad Valley, The Woolpack has been celebrated for its unique charm for more than 300 years.
Pub Of The Month
Five Of Our Finest Country Home's
Exploring Timeless Elegance and Rural Charm in the Heart of the Cotswold Countryside.
Five Of Our Finest Country Home's
Crucial Insights On The Renters Reform Bill
Gain a comprehensive understanding of the latest Renters' Reform Bill. Vanessa Carter, the Head of Lettings at Butler Sherborn, shares valuable insights from the agency’s perspective, while Bethen Abraham, a legal expert from Willans LLP Solicitors, delivers an informed legal stance on this significant legislation.
Renters Reform Bill - Q&A