Sam Butler’s Market Comment on the Cotswold Residential property market – June 2023
The residential property market in the Cotswolds is now quite different to that which it was a year ago. The catalyst for the change was the September mini-budget and the subsequent knock-on effect from it.
We experienced a quiet five months immediately afterwards, added to which Spring was slow in arriving. In my opinion, it is fair to say there was then a flurry of activity in May, but since then the market has flattened. I blame the uncertainty created by interest rate increases and more anticipated in the coming months.
Most buyers and sellers, together with professionals involved in the property market, are already fully aware of current market conditions, and the need to be price sensitive with realistic expectations, if properties are to sell this year.
Fundamentally, there are good buyers out there, but I think they are going to take their time, and are going to be careful about what they pay. This will remain the case whilst interest rates continue to rise and until they and inflation start to come down. However, I predict there will come a point when buyers will appreciate the need to buy, and will want to do so without finding themselves in competition with others.
Butler Sherborn has some very good houses for sale, and that does not change. We live in the Cotswolds, for which there is consistent and sustained demand and where buyers appreciate there is very rarely enough stock.
If you would like any advice on the value of your property or any other related matter, do not hesitate to contact me.
Sam Butler 01285 883740 sam@butlersherborn.co.uk
SMOOTH MOVE – Simple steps taken in advance to prepare the way for a smooth move
Currently, in the UK, on average one in three house sales fall through. This is often due to surprises during a conveyance, and buyer fatigue at the length the process can take. There are simple steps Sellers and Buyers can take in advance to help ensure the process is as smooth as possible. The key approach is to reduce as many ‘sales irritants’ as you can and to be well prepared in advance. Unexpected matters will inevitably arise, but with plenty of preparation these will be easier to resolve.
SMOOTH MOVE – Simple steps taken in advance to prepare the way for a smooth move
Things that Go Bang in the Night – Halloween & Guy Fawkes in the Cotswolds!
The Cotswolds offer endless activities for all ages in the run up to Halloween and Bonfire Night celebrations the following weekend, from scary attractions, and pumpkin carving to big bangs, bonfires and fireworks!
Things that Go Bang in the Night – Halloween & Guy Fawkes in the Cotswolds!
Cotswold Residential Market - Stow-on-the-Wold – Helen Whitfield
The residential market around Stow-on-the-Wold has been incredibly active during this current period of political uncertainty, and there have been some notable sales. Many properties are still selling privately under competitive bidding. That being said, the headline guide price needs to be realistic, and the best results are still on the turnkey properties.
Cotswold Residential Market - Stow-on-the-Wold – Helen Whitfield
Ben Way, Head of Butler Sherborn Equestrian - Rounds Up the Eventing Season 2024 with Badminton Qualification
As we head into October, the 2024 eventing season is drawing to a close, with the last couple of events left to go for some of the younger horses. Many of the older horses have already started their winter holidays, where they get an eight week break out in the fields.
Ben Way, Head of Butler Sherborn Equestrian - Rounds Up the Eventing Season 2024 with Badminton Qualification
