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
Snowdrops in the Cotswolds: A Winter Highlight at Painswick
As winter begins to loosen its grip on the Cotswolds, one of the most uplifting signs of the changing seasons quietly emerges, snowdrops. These delicate white flowers, often pushing through frost-hardened ground, bring a sense of hope and renewal, and nowhere is this more beautifully displayed than the snowdrops at Painswick Rococo Garden.
Snowdrops in the Cotswolds: A Winter Highlight at Painswick
Inheritance Tax and Agricultural Property Relief
This has been a hot topic since the surprise announcements in the Autumn budget of 2024 and has threatened to turn upside down tax planning for farmers and the affordability of succession. The short article below captures the key facts and implications which have been debated from farmhouse kitchen tables up to the Government in Westminster and at every level in between…
Inheritance Tax and Agricultural Property Relief
A Very Happy New Year
Happy New Year! We are all back and fully underway into 2026. It is early days, but properties are already going under offer across all our offices and exchanges are securing homes for excited new owners.
A Very Happy New Year
The New Year Reset: The Cotswolds’ Most Luxurious Spas
If the start of the year calls for rest, renewal and a little indulgence, the Cotswolds delivers in spades. Coupled with rural tranquillity, these havens of relaxation and award-winning spas, are the region’s most restorative places to switch off and reset.
The New Year Reset: The Cotswolds’ Most Luxurious Spas
