Cirencester property market update
Rupert Marchington, Office Head
I believe we will not see any major changes in property values in 2012. Realistically priced property will continue to generate interest and those properties in idyllic locations may still evoke competitive bidding. We have a large number of up-to-date potential purchasers on our databases eager to secure property in the Cotswolds and North Wiltshire regions, and over half of these buyers are ready and able to buy straight away. It is more important than ever before to adopt the right marketing strategy to give the very best advantage.
I think that cottages and village properties will continue to lead the way in terms of market activity, especially when they are located in a good village with some amenities such as a shop or a pub. Properties with land will also continue to be in strong demand whilst the larger country houses will attract those bidders who are keen to invest in tangible assets, as well as providing a rural retreat.
Guide prices must be realistic. Those that are overpriced will receive little attention.
Farmland in the Cotswolds has more than doubled in value in the last five years. With commodity prices having risen and the tax benefits it can provide, we continue to receive strong interest in any land which becomes available.
The Cotswolds will always buck the national trend and out-perform the national average. The area provides many of the attributes looked for by purchasers, including first-class schooling, excellent motorway and rail connections with easy access to London, and beautiful countryside.
Finally, 2011 saw and increase in demand for property in towns and larger villages with amenities. With the ever increasing cost of living we consider this is an exciting opportunity for 2012.
If you are considering a move or indeed would like any property related advice please
contact us on 01285 659 771.