Sam Butler’s Market Comment on the Cotswold Residential property market – June 2023
The residential property market in the Cotswolds is now quite different to that which it was a year ago. The catalyst for the change was the September mini-budget and the subsequent knock-on effect from it.
We experienced a quiet five months immediately afterwards, added to which Spring was slow in arriving. In my opinion, it is fair to say there was then a flurry of activity in May, but since then the market has flattened. I blame the uncertainty created by interest rate increases and more anticipated in the coming months.
Most buyers and sellers, together with professionals involved in the property market, are already fully aware of current market conditions, and the need to be price sensitive with realistic expectations, if properties are to sell this year.
Fundamentally, there are good buyers out there, but I think they are going to take their time, and are going to be careful about what they pay. This will remain the case whilst interest rates continue to rise and until they and inflation start to come down. However, I predict there will come a point when buyers will appreciate the need to buy, and will want to do so without finding themselves in competition with others.
Butler Sherborn has some very good houses for sale, and that does not change. We live in the Cotswolds, for which there is consistent and sustained demand and where buyers appreciate there is very rarely enough stock.
If you would like any advice on the value of your property or any other related matter, do not hesitate to contact me.
Sam Butler 01285 883740 sam@butlersherborn.co.uk
A Taste of the Season with Chef Lilly Hemmings
As the nights draw in, temperatures drop and the clocks go back, the cravings for winter comfort foods begin to form. Cottage pies, Sunday roasts, and hearty casseroles are sure to be go to meals in the coming months. However, now more than ever, shopping locally and using in-season produce should be a top priority in every household, not only to support British farmers and reduce food miles, but also because it can have a positive impact on your budget.
Take A Minute To Shop Seasonally - A Taste of the Season with Chef Lilly Hemmings
Meet Charlotte, Founder of Studio Chappell – Our Official Interior Design Partner
We’re delighted to offer a complimentary one-hour design consultation with Charlotte Chappell, Studio Chappell, our official interior design partner. Whether you're planning a full renovation or simply looking to refresh a single room or kitchen, Charlotte can provide her expert guidance tailored to your needs.
Meet Charlotte, Founder of Studio Chappell – Our Official Interior Design Partner
Why Local Expertise Still Matters in the Digital Property Market
In an age when almost every property search begins online, it’s tempting to think that technology has replaced the need for local expertise. After all, digital platforms can showcase homes in seconds to a national and international audience, complete with glossy imagery, virtual tours, and videos, and instant alerts. Yet, in practice, it has never been more important to have a trusted local expert guiding you through the process.
Why Local Expertise Still Matters in the Digital Property Market
Renters Rights Bill - Update
The House of Lords have now completed their scrutiny of the Renter’s Rights Bill and yesterday The House of Commons finished their final stage of reviewing the Bill, before now going for Royal Assent.
Renters Rights Bill - Update
