There were no measures which directly relate to property. No changes to Inheritance Tax allowances nor Stamp Duty.
The buying and selling of houses, and both the desire and ability to move, are of course driven by a household’s financial considerations i.e. the cost of mortgages, affordability and whether the house being bought is going to be worth more tomorrow than today. However, confidence is a major factor and it will be interesting to see how the market reacts to the 2% reduction in National Insurance and no increase in small business rates. Equally, the lack of further increase in interest rates, and inflation halving, will be positive factors; the direction of travel is improving.
We know there are those wishing and needing to sell and our mailing list is full of buyers wanting to move into or around the Cotswolds. We suspect, and anticipate, everyone will feel more positive in the New Year which will stimulate activity.
Sam Butler – Butler Sherborn -The Cotswolds Property Specialist
Butler Sherborn are currently marketing a number of lovely houses in the Cotswolds across the price ranges.
Spring Farm, Middle Lypiatt Guide Price £3,750,000 https://www.butlersherborn.co.uk/middle-lypiatt/nid3318
Pheasant Cottage, nr Burford Guide Price £1,250,000 https://www.butlersherborn.co.uk/carterton/burford-road/nid3453