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
An Exhilarating Month of Racing in the Cotswolds
Get ready for an incredible month of racing in the Cotswolds, headlined by the much-anticipated Cheltenham Festival this week, the premier event in the British jumps racing calendar.
An Exhilarating Month of Racing in the Cotswolds
Why Sellers Need To Be Prepared To Sell
January and February are traditionally a time of assessment in the Cotswolds property market. Conversations begin in earnest with market appraisals requested and plans discussed. With spring now underway, the outlook feels more defined, helping confidence to build as the market moves forward. We have been particularly busy with market appraisals in recent weeks; it seems many are firmly in the mindset to move this year and are making a good start by getting ahead with their preparation.
Why Sellers Need To Be Prepared To Sell
Popular Local Establishment Re-opens – Hurrah!
Nestled in the picturesque village of Ewen, just a stone’s throw from Cirencester, this delightful 16th-century pub has long been a much-loved local landmark. Now, after a careful and considered restoration, The Wild Duck has officially reopened its doors and wow what a return it was!
Popular Local Establishment Re-opens – Hurrah!
Why the Cotswolds Remains One of the Strongest Property Markets in the UK
Few regions in the UK combine lifestyle appeal, long-term value and consistent demand quite like the Cotswolds. Despite periods of national market uncertainty, the Cotswolds continues to stand out as one of the country’s most resilient and desirable property markets, attracting homeowners, investors, and international buyers alike. So, what underpins this enduring strength?
Why the Cotswolds Remains One of the Strongest Property Markets in the UK
