The recent political uncertainty and current deliberations of the newly formed coalition government will not affect buyers’ resolution to purchase a home in what is one of the most resilient regions in the country.
“We eagerly await the Queen’s Speech to see what opportunities parliament’s legislative programme will present for the Cotswolds property market, for example the future of Home Information Packs, Inheritance Tax and Capital Gains taxation. The Bank of England’s decision this week to keep the base interest rate at 0.5% is certainly welcome news, however it is important lenders follow through with sensibly priced mortgages.”
The Cotswolds is located in the heart of England stretching through the counties of Gloucestershire, Oxfordshire, Wiltshire, Worcestershire and Warwickshire. The region is the largest designated Area of Outstanding Natural Beauty in England and Wales, covering 790 sq miles from Bradford-upon-Avon to Banbury, a distance of 78 miles from north to south.
Sam adds: “The unspoilt countryside, historic market towns and pretty villages in the Cotswolds continue to be a major attraction; people already living here are still buying and selling within the region as they move up the property ladder or downsize, and demand from those working in London, around an hour’s commute away, remains consistently good.
“The quality of life here is exceptional and I would recommend anyone considering a property in the Cotswolds to buy a house to serve as their family home, not just as an alternative to the stock market; if it ticks all the boxes it will be a good investment, but perhaps more importantly, a place all the family can really enjoy.
“I do not foresee a return to house price inflation and would encourage sellers to put their houses on the market now rather than waiting for higher prices; this is the time to take advantage of the current shortage of available properties and an environment where buyers’ and sellers’ expectations are closer than they have been in recent years.”
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