Sam Butler's Market Comment - Looking to 2024
2023 was a mixed bag when it came to property market trends. The fallout from the mini budget extended into the start of the year. However, as inflation began to steadily fall, mortgage products improved and the year ended in a positive fashion.
In the last quarter of 2023, there was a significant uplift in the volume of requests from clients wishing to launch their property to the market in the spring of 2024. This increased level of stock should improve transactions levels, together with a large number of buyers still in rental properties following the surge of sales during the pandemic.
We anticipate that sale prices will strengthen as the market reactivates. There will be a pause at some point in the year when the date of the General Election is announced. Traditionally, this pause does not affect the values, but until the outcome, the decision making of buyers weakens. Hopefully, inflation will continue to fall, and perhaps interest rates also, and this will help to alleviate some of the financial burden on buyers.
Properties needing renovation should become more desirable again, if the cost of building products reacts to the fall in inflation. The strongest performers will continue to be the immaculate, blight free properties as has been the case for much of 2023.’
Butler Sherborn currently has a good selection of houses for sale across the price ranges.
Coln St Dennis House, Coln St Dennis - Guide Price £3,500,000 A superb Grade II Listed village house, separate cottage, pool and established gardens
https://www.butlersherborn.co.uk/coln-st-dennis/nid3428
Pheasant Cottage, nr Burford – Guide Price £1,000,000 A detached four bedroom house, rural location, no chain, three miles from Burford
https://www.butlersherborn.co.uk/brize-norton/burford-road/nid3453
Thyme Cottage, Willersey - Guide Price £995,000 A pretty Grade II Listed Cotswold stone cottage with five bedrooms close to the village green.
https://www.butlersherborn.co.uk/willersey-near-broadway/main-street/nid3466
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There was a certain inevitability that soon after my double marathon in the Atlas Mountains in 2024 that I would be open to another challenge whilst legs, health and my wonderfully supportive wife Carol allowed. This has all followed a growing, but unplanned, running adventure since 2019 with 14 ultra marathons and over 6000 training miles (including 100-ish half-marathon training runs). Needless to say, my physio is seeing more of me than ever!
Iceland Ultra Marathon
Then & Now - Can you spot who is who?
We’ve dug into the archives and asked our team to share a photo of themselves from their younger years. Can you match the childhood faces to our team members?
The Team - A Blast from the past
