![Manor Farm, Ascott under Wychwood](/_vercel/image?url=https:%2F%2Fcdn.sanity.io%2Fimages%2Fjs7r23bq%2Fproduction%2F9fa355911960a00713d45598f26ba37be4126b69-5272x3948.jpg?rect=662,0,3948,3948%26w=1000%26h=1000%26fit=crop%26auto=format&w=1280&q=85)
Sam Butler reviews the Cotswolds Residential Property Market -Summer 2024
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Certainty tends to foster stability – the recent Election result appears to support this supposition in respect of the Cotswold residential property market.
Immediately after the Election result was announced the markets in the City rose in a collective sigh of relief as the period of uncertainty ended. The new Labour government has been fortunate to inherit a rate of inflation back down to 2%. This rate, combined with the cut in the base rate to 5% and the resultant effect on mortgage rates, has ensured that the residential property market in the Cotswolds is benefitting from the general air of stability achieved.
There is no doubt that the new Government’s positive and clear communication, albeit it in the honeymoon period, is helping to instil a gentle feeling of confidence, and buyers are finally committing by making credible offers. Stock levels are good, which ensures buyers have choice, but they can not afford to prevaricate indefinitely as the Cotswolds remains an extremely popular area in which to live. This genuine pressure from healthy and consistent demand should ensure that prices remain fundamentally firm.
The King’s Speech, clearly indicated the new administration’s intention to address the housing shortage across the country, and they will ease certain planning regulations to help tackle the issue. The Renters Reform Bill has been listed for the attention in the first Parliamentary session, and whilst it looks to prevent no fault evictions to help tenants, it is likely to have a deleterious effect on the rental housing stock, as Landlords decide to sell rather than let properties. This is already happening in the Cotswolds.
The Speech did not at this early stage of the new Government’s term make any mention of changes to SDLT or Inheritance Tax. For the immediate future, the residential market can look to a period of quiet confidence and stability, together with the prospect of slightly lower mortgage rates. We would therefore advise sellers to continue with their plans to market their properties as we look to an active autumn market. We have already witnessed an increase in both buyer registrations and offers received as confidence is slowly restored in the Cotswolds property market and the economy generally. The Cotswolds continues to be an extremely attractive and popular place for people to live and work. It is intrinsically beautiful, with excellent road and rail communications, and consequently attracts dynamic, creative businesses and people. Demand traditionally outstrips supply and buyers will hesitate to make offers at their peril.
Butler Sherborn is currently marketing some stunning properties across the Cotswolds, and the price ranges.
Brook House, Lower Slaughter Guide Price £2,850,000
https://www.butlersherborn.co.uk/property/brook-house-the-square-33160058
West Meadow, Chedworth Guide Price £2,150,000
https://www.butlersherborn.co.uk/property/west-meadow-33085981
The Gables, Inchbrook Guide Price £1,500,000
https://www.butlersherborn.co.uk/property/west-meadow-33085981
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Reflections on the Rural Land Market 2024 together with this Summer’s harvest
The Land Market - The volume of farmland for sale in the first half of 2024 was about 30% higher than the same period in 2023. According to industry indexes the average value of arable land is now just under £10,000/ac and just under £8,000/ac for pasture. However the actual prices achieved vary...
Reflections on the Rural Land Market 2024 together with this Summer’s harvest![Sketch](/_vercel/image?url=https:%2F%2Fcdn.sanity.io%2Fimages%2Fjs7r23bq%2Fproduction%2F8f0f83bd258c0a7ff778828b1c689153a5ebcfed-8192x5464.jpg?rect=0,428,8192,4608%26w=608%26h=342%26fit=crop%26auto=format&w=640&q=85)
Stability in the Cotswolds Residential Market ahead of the Autumn Statement
Predicting the strength or otherwise of the residential market is always difficult, and with the variables which affect it finely balanced, the task is challenging.
Stability in the Cotswolds Residential Market ahead of the Autumn Statement![Good Gathers](/_vercel/image?url=https:%2F%2Fcdn.sanity.io%2Fimages%2Fjs7r23bq%2Fproduction%2F0fe153ef0cfe6dec702a1c21f74c182869b46307-8192x5464.jpg?rect=0,428,8192,4608%26w=608%26h=342%26fit=crop%26auto=format&w=640&q=85)
Good Gathers Pop Up Restaurant, The Cornwell Estate, Chipping Norton OX7 5YG
The brilliant and gifted gang of Ross and Ross Events have launched their farm to food experience on The Cornwell Estate. Ross Events are established bespoke caterers, and have been operating in the Cotswolds for over a decade.
Good Gathers Pop Up Restaurant, The Cornwell Estate, Chipping Norton OX7 5YG![Vineyard](/_vercel/image?url=https:%2F%2Fcdn.sanity.io%2Fimages%2Fjs7r23bq%2Fproduction%2F5df6bf85d1d6583f36e3c1e8d35f86502ce23100-929x620.webp?rect=0,49,929,523%26w=608%26h=342%26fit=crop%26auto=format&w=640&q=85)
Dryhill Wines , Cheltenham – Award- winning Fine English Bubbly
Dryhill vineyard is situated on free draining limestone terraces cut by the Romans. It nestles in a fold on the side of the Cotswold escarpment at around 130m above sea level. Dryhill Wines has recently been awarded a Silver medal at an international blind tasting, ranking their English bubbly higher than over 100 Champagne Houses, including Veuve Cliquot!
Dryhill Wines , Cheltenham – Award- winning Fine English Bubbly