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
September Market Comment - Hear From Sophie Lane
Despite economic uncertainty and cautious high-end buyers, the Cotswold market remains resilient. Well-presented homes continue to attract strong interest, highlighting the importance of pricing and preparation.
September Market Comment
Inside Cirencester's Finest Townhouses
Set back from a picturesque Cotswold street in the heart of Cirencester’s historic town centre, these exceptional Grade II* Listed townhouses offer a rare blend of classical grandeur and contemporary elegance.
Inside Cirencester's Finest Townhouses
Back British Farming: Celebrating a decade of support
Today marks ten years of Back British Farming Day—a milestone that highlights a decade of unwavering public support and growing awareness of the importance of British agriculture.
Back British Farming: Celebrating a Decade of Support
Renters' Reform Bill Returns To The Commons
Earlier this week, the Renters’ Reform Bill returned to the House of Commons for consideration of the proposed amendments put forward by the House of Lords.
Renters' Reform Bill Returns To The Commons
