Mov­ing into a new sea­son

Jamie Dal­rym­ple Hamil­ton says there’s no rea­son why you should hold off find­ing and buy­ing your per­fect home this au­tumn

Cotswold Life - - PROPERTY NEWS - Jamie Dal­rym­ple Hamil­ton MRICS is a Con­sul­tant at Mur­rays Es­tate Agents who started his ca­reer in Scot­land al­most 40 years ago!

Au­tumn is tra­di­tion­ally known as the sea­son of mists and mel­low fruit­ful­ness, and cer­tainly prop­erty pun­dits are strug­gling to see which way the mar­ket is mov­ing with any de­gree of cer­tainty.

Na­tion­ally, there is a con­sen­sus that low sup­ply is be­ing matched by low de­mand and much of the rea­son for this has been blamed on the rapid es­ca­la­tion in Stamp Duty charges. It will be in­ter­est­ing to see if any point­ers emerge at the forth­com­ing Tory Party Con­fer­ence, but I would not be op­ti­mistic as Stamp Duty is an ex­tremely cost ef­fec­tive tax for the Gov­ern­ment. So what else should we be look­ing out for this au­tumn and be­yond?

Op­ti­mism about our eco­nomic prospects is some­thing that clearly in­flu­ences the prop­erty mar­ket. Brexit and the po­ten­tial con­se­quences thereof, have not been as big a fac­tor as some pre­dicted and pro­vided in­fla­tion does not sud­denly spike up­wards, low in­ter­est rates look to con­tinue to be the norm. So in short there in no com­pelling rea­son for things chang­ing in the im­me­di­ate fu­ture. That said cer­tain clear trends are ap­par­ent.

In­creas­ingly, pur­chasers are favour­ing well pre­sented prop­er­ties over those ‘with po­ten­tial’. New build­ing tech­niques and ma­te­ri­als have given own­ers the op­por­tu­nity to be cre­ative. Re­design­ing homes to in­cor­po­rate larger kitchen/fam­ily rooms and lux­u­ri­ous bath­rooms, for ex­am­ple. Such prop­er­ties large and small, mod­ern or tra­di­tional are at­tract­ing the most de­mand. Clearly the Cotswolds is also favoured over other re­gions as we not only have the ad­van­tage of out­stand­ing scenery but good com­mu­ni­ca­tions by road or rail, pop­u­lar towns like Cirences­ter, Chel­tenham and Bath and ex­cel­lent school both in the state and pri­vate sec­tors.

To con­clude, for prospec­tive ven­dors there is no ob­vi­ous rea­son to de­fer a move this au­tumn, while for pur­chasers, although find­ing the ‘right’ prop­erty will al­most in­evitably in­volve an el­e­ment of com­pro­mise, once you have done so, it is likely to be a very good in­vest­ment.

For prospec­tive ven­dors in the Cotswolds there is no ob­vi­ous rea­son to de­fer a move this au­tumn

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