Market Comment

The stock of 2019 has been re-priced and has probably changed agents and there are great opportunities with houses that are now better priced; the savvy Vendors are bringing stock to the market early to catch the glut of Buyers that are waiting in anticipation of the swell of new stock that is promised with the sunshine and the daffodils!

The key now is to be ready to act clearly – new stock is coming – but get out there now ahead of the crowd and the daffodils if you want to secure the pick of the bunch!

The market is moving! There is no question that things are picking up! It has always been the case that well priced good properties sell quickly; however the speed of sales on good properties has hit new levels for the year. There is no doubt that there is a certain degree of “anticipation” that things are going to happen, whatever way it goes!  With this those that are being savvy are moving into the market right now, and making quick decisions and getting great deals that are not going to be around for much longer!

Those properties that were perhaps overpriced are also starting to move.  Offer that are well thought through are gaining traction and getting serious consideration and leading to excellent acqusitions from buyers who are ready to go.

Tetbury and Cirencester

Tetbury continues to be in great demand, and has a great supply of new builds and wonderful Georgian period properties; and Cirencester is gaining momentum into the winter – and with a number of larger new developments on the cards – looks like 2o20 will be a big year for Cirencester.  In particular those villages on the North side – the likes of Chedworth, Fosse Bridge, Barnsley, Winson and on up to Burford all performing well towards the end of this year. We have seen a significant growth in off market purchases over the past six months.

Stroud Valleys & Cheltenham

The Stroud valleys still attract all walks of life and is notorious of the bredth of character and ecletic spread of communities; there has been a large growth in interest over the Autumn for the north side of the Stroud valleys. There has been more demand nearer to Cheltenham, especially from younger families wanting the joys of countryside,  with easy access to exceptional top schools – (both state and private) on the doorstep.

Chippenham, Calne and Corsham

Chippenham, Calne, Corsham and all villages along the A420 are all selling well, in particular period houses between £900k and £2M, and Chippenham continues to grow in demand for communters nheading both East (London) and West (Bath and Bristol).

Bath

Bath is consistent and reliable as ever, with many properties never hitting the open market. The higher end of the market has been doing especially well towards the end of this year. Bath continues to attract a wide range of buyers of all ages and profiles across all price points. A city in which property prices are as reliable as the excellent education and schools that it has.

Christmas in the Cotswolds – what’s in store?

Whatever the election brings in terms of results, one thing we can be sure of is that the property market is moving and things are really heating up despite the cold weather, and the days of being able to wander into a purchase have gone!! It is time to get your skates on !

The new target of reaching nett zero emissions by 2050 can only be a good step forward, even if many consider this is not enough, and we should be aiming closer to Finland with 2035!

We are all agreed on the need for dramatic and significant change to many of the things that we take for granted and the way that we live today. The immediate considerations that come to the forefront include choices with the cars that we drive; the food that we eat (and the packaging it comes in); the amount we fly and the fuel we use to generate cooling and heating in our homes.

New technology

From a property point of view, the development of new materials and new technology means that we can today create “living environments” that are incredibly efficient and require very little energy to maintain comfortable living space. In the past, the government has come up with several different incentives to encourage the use of renewable energy, including the early stab at solar and ground source heating and many other incentives. Some of these have been a success and others a dramatic failure. On occasion, a few have created more pollution than fossil alternatives. To recap the 2050 Zero emission target things need to change.

I see that the general “trend” for Buyers looking to move, from London or abroad, into the Cotswolds is to market towns, (or nearby villages). The demand for new build houses continues to grow at all price points; initially, this was due to concerns over running costs, but this tide is turning towards environmental expenses and reduction of emissions,  rather than the hit on your pocket;

The rural dream is still alive

There will always be those who want to live in the countryside, in an old period property. One where the nearest neighbours are far enough away for you to be able to have an all-night party without upsetting anyone! To be able to light a bonfire without the village Chair sending a memo!

For those who still strive for the old Manor house with four acres and a vegetable garden that could potential take over your life, or the market town high street property built in 1721, with huge doorways and stone flagstones floors that provide a permanent trip hazard that will never be fixed, things are about to change!

House Listing

The listing system which was introduced after the second world war to protect buildings, (and other things), that were considered to have features or a building (or part thereof) with architectural value and importance. Around towns such as Bath, Corsham, Malmesbury, Tetbury, Cirencester, Nailsworth, Painswick and the Stroud Valleys, there are many many listed properties across all grades, albeit the majority that is listed are grade II.

With the stamp being put on the drive to have zero emissions by 2050, the effective insulation of housing has to be top of the list of priorities for the government; without a high level of sufficient insulation, many of the new technologies that are continually coming to market, and always developing cannot be used in these older listed properties.

Windows have always been high on the list of costly things to fix in listed properties; the need for effective insulation means that all windows should be triple glazed; in the majority of listed building single glazing is the norm, with secondary glazing,  (mostly introduced to dampen road noise in towns),  occasionally to be found in some of these houses.

Time for Change

It is highly likely that with this new drive to make our living environments capable of using the best and most effective green technologies that the listing restrictions presently in place will need to be reviewed. This can only be positive as the costs involved for repairing or replacing windows, doors, walls or roofs is very significant in buildings that are graded. This has previously put off potential buyers who are not ready to jump through all the required hoops to meet the strict criteria that some of these listings entail. The opportunity to take on these beautiful old buildings and create an environment for a house fit for purpose in 2020 and in 2050 is becoming more and more achievable – which can only be a great thing for the property market in the Cotswolds.

In the last weeks of May, the market has very much come to life, and Buyers have begun to commit to moving, and Seller’s, (albeit slow), are now beginning to recognise the opportunity and are following suit. Interest around Cirencester has grown from 2018; Tetbury and the Stroud Valleys continue its upwards growth with demand within the £750k to £925K bracket remaining strong. At the top end of the market there are a number excellent properties upwards of £1.5 million. As ever, well priced properties are moving incredibly fast. Some agents are finding that there is a lack of commitement to make offers, and this is probably due to quiet hopes that more properties will come to the market  before the Summer break, (a risky approach!);  it will probably be the case that there willbe rush of new stock, however all combined  across both sellers and Buyers,  it is very much a time to play “catch-up” as the early season Brexit delay has pused everything back a month or so. To secure the best opportunities be ready with cash on hand, as this is not a market for long chains!

The Cotswolds are on fire with property coming on at a fast rate and sales happening equally as quickly; A property that came on the 7th February was agreed at full asking price on the 15th; both Buyers and Sellers have reached the point where they are saying “enough already – lets crack on” – and that is happening! There is a definitive drive and pace to the market that, pre daffodils, we haven’t seen for sometime and it looks set to rise and develop as the spring sets in! Forget doom and gloom – this market is very much alive and kicking – and if you’re not in it ……… ? 

Albeit the cold front seems to be hitting hard as we hit the start of February, the property market couldn’t be getting much warmer!

There is no question that frustrated Buyers and “had enough of this” Vendors are all voting which way we need to go – and that is to the market! There is a steady “bubbling” up of property moving into the market, and Buyers are already doing the rounds; in the last week alone I have had eight meetings with Parties that are starting their move, and all are about to put their property on the market within the next two weeks!

Always the optimist I will say that there are those who will “remain” behind the uncertainty of the Brexit outcome – however, there is no question that the flow can only increase and the market is very much alive.

I am seeing interest growing in areas around Chippenham, with the benefit of being able to get to London, Bath and Bristol easilly by rail, while having quick and easy access to the M4 while being very much in the country; villages such as Biddestone, Hullavington (now Dyson territory which will drive demand and prices), The Somerfords all continue to attract new families; Corsham is also seeing a rise in demand, a wonderful town which has pretty much everything to offer – excellent schools, a beautiful Park and all the shopping you could want! Further North, The Stroud valleys and West of Cirencester continue to be “the place” to be – with its creative and eclectic vibe, it has a wealthy mix of artists and a growing “foodie” appeal, with some amazing properties with incredible views!

Both Tetbury and Cirencester already have some excellent property on the market, many of which I think will be sold within a couple fo weeks.

So the word is – “now” is a good time!  – get ahead and be ready – whatever happens the flow will not stop now!

If you are just thinking about a move, please give me a call. 

There is no question that these are unprecedented times! The Brexit issue remains the primary force affecting the property market, however, believe it or not, there is a glimmer of hope on the horizon!

The general consensus appears to be that the market over 2019 will be reasonable flat across the whole country, with growth in Northern Markets balancing a further drop or stagnation in London and the surrounding area; Given the fact that something has to happen means that markets will move, certainly in the first six months of 2019 there will be activity, as the markets will move with developments, (whichever way they go) with Brexit; the effect this will have on the Pound and eventual impact through interest rates means that the market will be active in certain sectors!

The rental market outside London in areas around good commuting links with London will grow dramatically in the first half of 2019, as families move away from London but hold off selling the London property until after Brexit. Demand for good properties and lack of stock will maintain price levels, and good properties will sell very quickly given the level of existing buyers still waiting for new stock to come to market, which again has been delayed.

By the end of 2019 the market will improve dramatically, however the first half of the year will be flat ,(the West and North will see growth, especially in Wales), and with the only real growth being in the rental sector.

The hope is that a combination of continued demand, frustration with the need to “move-on” means that things need to change……..with change comes opportunity!

In North Wiltshire and South Gloucestershire, the effects of the move out of London will continue to grow. The increase in new work regimes involving more flexible office/home operations means that property prices along the M4 corridor, specifically around Swindon, Chippenham, Bath and Bristol, will start to gain pace. The electrification of the railway will reduce times from Bristol to London, by 17 minutes. This in turn means that the commuter belt has stretched and will continue to do so, further West and North. Demand for well priced properties in towns such as Chippenham, Malmesbury, Box, Corsham, Chipping Sodbury, Yate, Melksham and Calne will continue to grow, and with shortage of stock, will maintain values or rise between March and June.

Likewise, further North, areas around the Stroud valleys, which have seen significant increase in both value and demand over the past year will continue to grow in demand, offering significant value for money, and becoming the new Nottinghill of the Costwolds!  Especially the following towns, Cirencester, Minchinhampton, Nailsworth, Chalford, and Stonehouse. This move west, which has been growing over the last two years, means that areas such as Wotton-Under-Edge, Thornbury, and Dursley are now really starting to grow in demand.

The top end of the market, (£2.5M upwards), which is very sensitive to the movement of the pound and political unrest will remain slow for the first half of 2019; the growth will be in the mid market, between £750K to £1M, where those have taken the plunge to sell and move will commit earlier than other sectors and schooling will be important, and the target will be to get in place before schools start in September 2019. Likewise, those who have made the decision to move, want to get their roots down, but live in hope that prices may improve in London, are likely to move out and rent – with a view to sell their London property in the Spring/Summer after the Brexit fallout has started to settle.  Therefore I think around the main rail hubs, (Kemble, Chippenham, Stroud, Swindon, Bristol Parkway), we will see an increase in demand for rental properties around the £1,800 to £2,200 pcm sector – (Ie family homes).

After the summer holiday 2019, the market will begin to really come back, and there will be strong activity from September through to January 2020 – where we may see the volume of property transaction increased significantly against 2018.

Call  Craig Fuller to discuss what you are looking for.
Tel:  +44(0) 7767211707

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"You were able, by taking on much of the responsibility and the effort, to enable us to relax and enjoy the process"
2018-11-21T13:21:20+00:00
"You were able, by taking on much of the responsibility and the effort, to enable us to relax and enjoy the process"
"They didn’t try to persuade us to buy anything unsuitable."
2018-11-21T12:57:31+00:00
"They didn’t try to persuade us to buy anything unsuitable."
“We want to thank you so much for the very professional and sensitive support you have given us in navigating through the various properties we have considered for investment of our small inheritance.”
2018-11-05T22:55:02+00:00
“We want to thank you so much for the very professional and sensitive support you have given us in navigating through the various properties we have considered for investment of our small inheritance.”
"Because I had invested in the process of working with a Buying Agent, I had the confidence to go ahead"
2018-11-21T12:21:23+00:00
"Because I had invested in the process of working with a Buying Agent, I had the confidence to go ahead"
"I needed the continuous advice and support on the many issues that can and do arise, and, above all, someone acting in one’s own interest."
2018-11-21T12:44:59+00:00
"I needed the continuous advice and support on the many issues that can and do arise, and, above all, someone acting in one’s own interest."
"Practically, I needed someone to do the legwork and the eye-balling"
2018-11-21T12:49:38+00:00
"Practically, I needed someone to do the legwork and the eye-balling"
"...took just days to come up with the property that fitted all our criteria"

Sunday Telegraph

2018-11-06T13:59:47+00:00

Sunday Telegraph

"...took just days to come up with the property that fitted all our criteria"
"We would have absolutely no hesitation in recommending them to anyone thinking of using such a service"
2018-11-21T13:13:46+00:00
"We would have absolutely no hesitation in recommending them to anyone thinking of using such a service"
"Stacks were a tremendous help and we would never have found our home without them. She is a lovely person with a great sense of humour which was essential during some of our tricky negotiations"
2020-01-13T11:52:24+00:00
"Stacks were a tremendous help and we would never have found our home without them. She is a lovely person with a great sense of humour which was essential during some of our tricky negotiations"
"I have been delighted with the service I have received from Stacks and will not hesitate to recommend Stacks in the future.

It is not often that one is pleased to part with money but I can truthfully say that I am on this occasion. You have earned every penny of this cheque and what is more, you have done it with great courtesy and good humour. It has been very pleasant working with you. You really did take most of the stress out of our house hunting.

Stacks’ performance on this assignment has been absolutely outstanding and more than met my expectations. Her understanding of the brief and the ‘after-find’ service set a standard of professionalism that I have not met before"
2020-01-13T11:51:03+00:00
"I have been delighted with the service I have received from Stacks and will not hesitate to recommend Stacks in the future. It is not often that one is pleased to part with money but I can truthfully say that I am on this occasion. You have earned every penny of this cheque and what is more, you have done it with great courtesy and good humour. It has been very pleasant working with you. You really did take most of the stress out of our house hunting. Stacks’ performance on this assignment has been absolutely outstanding and more than met my expectations. Her understanding of the brief and the ‘after-find’ service set a standard of professionalism that I have not met before"
"You have found us a superb home which we feel fortunate to call our own."
2018-11-21T13:18:39+00:00
"You have found us a superb home which we feel fortunate to call our own."
"It made a potentially very stressful process very straightforward"
2018-11-21T12:48:37+00:00
"It made a potentially very stressful process very straightforward"
"We love the house and cannot wait to move in and get settled."
2018-11-21T13:10:27+00:00
"We love the house and cannot wait to move in and get settled."
"You made a huge difference to our search as I am sure you do for all your clients."
2019-05-02T11:00:08+00:00
"You made a huge difference to our search as I am sure you do for all your clients."
"Without somebody on the ground asking the right questions on our behalf, finding a home would have been truly impossible."
2018-11-21T13:15:37+00:00
"Without somebody on the ground asking the right questions on our behalf, finding a home would have been truly impossible."
"I was impressed by the efficient, kind and courteous service provided by Stacks"
2020-01-13T11:52:49+00:00
"I was impressed by the efficient, kind and courteous service provided by Stacks"
"...negotiate on anything"

Financial Times

2018-11-06T14:00:36+00:00

Financial Times

"...negotiate on anything"
"We now own a most suitable house in the position of our dreams thanks to Stacks"
2018-11-21T13:11:13+00:00
"We now own a most suitable house in the position of our dreams thanks to Stacks"
"Would not hesitate to use you again."
2018-11-21T13:16:29+00:00
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"carried out with discretion"
2018-11-21T12:28:29+00:00
"carried out with discretion"
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2018-11-21T12:53:20+00:00
"Stacks has been an invaluable source of experience and wisdom on the successful landing of just the right house"
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2018-11-21T12:22:38+00:00
"Being able to 'stand behind' Stacks, whilst they brought their negotiating skills to the fore, took us to another level"
"Stacks had the critical combination of expertise and tenacity to broker a solution for us"
2018-11-21T12:52:31+00:00
"Stacks had the critical combination of expertise and tenacity to broker a solution for us"
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2018-11-21T12:42:07+00:00
"How extraordinary to have found what we were looking for"
"I gained a house, setting and location which are right for me"
2018-11-21T12:43:48+00:00
"I gained a house, setting and location which are right for me"
"Despite other interested parties, Stacks were able to help us secure our preferred property."
2018-11-21T12:32:12+00:00
"Despite other interested parties, Stacks were able to help us secure our preferred property."
"I would recommend using Stacks as they are well connected to the property market and provide a realistic assessment of activity and pricing."
2018-11-21T12:45:49+00:00
"I would recommend using Stacks as they are well connected to the property market and provide a realistic assessment of activity and pricing."
"utterly tenacious..."
2018-11-21T13:06:52+00:00
"utterly tenacious..."
"We found the service extremely helpful and professional at all times"
2020-01-13T11:51:31+00:00
"We found the service extremely helpful and professional at all times"
"extremely helpful, knowledgeable and tireless in their efforts to assist us"
2018-11-21T12:33:22+00:00
"extremely helpful, knowledgeable and tireless in their efforts to assist us"
"You have exceeded our expectations for a buy-side property service and have made the process a smooth one for us."
2018-11-21T13:18:01+00:00
"You have exceeded our expectations for a buy-side property service and have made the process a smooth one for us."
"Many thanks for your hard work and patience in assisting in buying our property. You made the whole process infinitely less stressful than it might have been"
2020-01-13T11:50:30+00:00
"Many thanks for your hard work and patience in assisting in buying our property. You made the whole process infinitely less stressful than it might have been"
"Should I move again, I shall definitely use you again"
2018-11-21T12:51:23+00:00
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2018-11-21T12:17:11+00:00
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2018-11-21T12:55:04+00:00
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2018-11-21T12:30:52+00:00
"delivered a great service at a reasonable cost"
"You gave a much-valued ‘younger’ perspective on our situation, which was a real asset"
2020-01-13T11:52:01+00:00
"You gave a much-valued ‘younger’ perspective on our situation, which was a real asset"
"We are delighted with our choice and so are the children."
2018-11-21T13:08:49+00:00
"We are delighted with our choice and so are the children."
"Your advice on how to effectively instruct and motivate our professional team allowed us to complete in one month."
2018-11-21T13:22:31+00:00
"Your advice on how to effectively instruct and motivate our professional team allowed us to complete in one month."
"Stacks takes great pride in their service, is an expert in their field and above all, demonstrated integrity in all our interaction with them"
2018-11-21T12:54:09+00:00
"Stacks takes great pride in their service, is an expert in their field and above all, demonstrated integrity in all our interaction with them"
"The house is ideal ... and it is nothing like our first (unsuitable) ideas!"
2018-11-21T12:56:37+00:00
"The house is ideal ... and it is nothing like our first (unsuitable) ideas!"
"You saved me many miles of driving and were very professional"
2018-11-21T13:19:40+00:00
"You saved me many miles of driving and were very professional"
"We cannot imagine how long it would have taken us to find our perfect home without Stacks – and we suspect that we would have compromised a long time ago!"
2018-11-21T13:09:36+00:00
"We cannot imagine how long it would have taken us to find our perfect home without Stacks – and we suspect that we would have compromised a long time ago!"
“We really enjoyed working with Sara and Stacks and would highly recommend having them on your side in the home buying process”
2019-06-19T13:54:55+00:00
“We really enjoyed working with Sara and Stacks and would highly recommend having them on your side in the home buying process”
"I’ve seldom had such consistent, wise support in a major life decision, and I can’t emphasize enough how helpful it is."
2018-11-21T12:46:40+00:00
"I’ve seldom had such consistent, wise support in a major life decision, and I can’t emphasize enough how helpful it is."
"In essence, you are buying your best ally "
2018-11-21T12:47:38+00:00
"In essence, you are buying your best ally "
"got our offer accepted even when it was not the highest"
2018-11-21T12:38:34+00:00
"got our offer accepted even when it was not the highest"
"You have an empathetic approach which, added to your knowledge and wise guidance, has made the whole thing a lot less stressful"
2018-11-21T13:17:15+00:00
"You have an empathetic approach which, added to your knowledge and wise guidance, has made the whole thing a lot less stressful"
"Encouraging me to think creatively about what could work for me."
2020-02-27T09:49:08+00:00
"Encouraging me to think creatively about what could work for me."
"Finding a plot not yet on the market and persuading the developer to enter into an exclusive contract with me to build to my specification."
2020-02-27T09:48:25+00:00
"Finding a plot not yet on the market and persuading the developer to enter into an exclusive contract with me to build to my specification."
"always courteous and pleasant, and most importantly, in our opinion, trustworthy."
2018-11-21T12:19:57+00:00
"always courteous and pleasant, and most importantly, in our opinion, trustworthy."
"found us a home in a sought-after area with a high demand for properties and very little on offer"
2018-11-21T12:37:14+00:00
"found us a home in a sought-after area with a high demand for properties and very little on offer"
"We were in a tricky housing situation, looking to buy a very specific type of house and needing to find it in a very specific time frame"
2018-11-21T13:12:00+00:00
"We were in a tricky housing situation, looking to buy a very specific type of house and needing to find it in a very specific time frame"
"great value to us during a difficult, competitive purchase"
2018-11-21T12:39:48+00:00
"great value to us during a difficult, competitive purchase"
"The best decision we could have made!"
2018-11-21T12:55:52+00:00
"The best decision we could have made!"
"a calming, guiding presence where nothing was too much trouble"
2018-11-21T12:13:26+00:00
"a calming, guiding presence where nothing was too much trouble"
"They've been a close and very helpful part of our discussions with everybody. When you’re new to a town and an area, that’s priceless."
2018-11-21T12:58:19+00:00
"They've been a close and very helpful part of our discussions with everybody. When you’re new to a town and an area, that’s priceless."
"We were moving country – had booked the packers – and had nowhere to move into!"
2018-11-21T13:12:46+00:00
"We were moving country – had booked the packers – and had nowhere to move into!"
"I completely underestimated how much of a difference you would make"
2018-11-21T12:43:03+00:00
"I completely underestimated how much of a difference you would make"
"You we able to give us confidence that we were doing the right thing"
2018-11-21T13:20:39+00:00
"You we able to give us confidence that we were doing the right thing"
"Well done in taking us to a house we didn’t know we wanted … and then fell in love with!"
2018-11-21T13:14:45+00:00
"Well done in taking us to a house we didn’t know we wanted … and then fell in love with!"
"helped our parents downsize from the family home, in what was a traumatic move for them"
2018-11-21T12:41:04+00:00
"helped our parents downsize from the family home, in what was a traumatic move for them"
"was fantastic at explaining and helping us with everything that was happening"
2018-11-21T13:07:43+00:00
"was fantastic at explaining and helping us with everything that was happening"
"Relentlessly provided us with the context and facts we needed to make an informed decision "
2018-11-21T12:50:28+00:00
"Relentlessly provided us with the context and facts we needed to make an informed decision "
"Through the whole process they went above and beyond, and it was worth every penny!"
2018-11-21T12:59:15+00:00
"Through the whole process they went above and beyond, and it was worth every penny!"
"found precisely what I was looking for, and even on my request made an offer before I had even seen the property!!"
2018-11-21T12:35:46+00:00
"found precisely what I was looking for, and even on my request made an offer before I had even seen the property!!"
“Thank you very much.  We are very excited on the purchase of the flat as well.  Sara has been instrumental in every aspect, we are blessed to have her on our side.
2019-12-06T09:48:50+00:00
“Thank you very much.  We are very excited on the purchase of the flat as well.  Sara has been instrumental in every aspect, we are blessed to have her on our side.”

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