Category: Press

Grammar School Rush Fuels House Price Rise

Posted on by Rosalind Sack

Rising house prices in popular grammar school towns are bucking wider trends, thanks to VAT on private school fees driving demand towards selective secondary schools, reports The Telegraph. Our Partner in the Northern Home Counties, Jemma Scott, speaks to journalist Ruth Bloomfield about the impact in Buckinghamshire.

Church spire and rooftops in Old Amersham, Buckinghamshire.

Buckinghamshire, which has one of England’s highest concentrations of grammar schools with 13 in total, is one such area where prices are growing. It’s a trend that comes as little surprise to Jemma, who explains that the high-performing grammar schools in the county are seen as a first-choice option.

Read the article here.

Is the Government Destroying the Housing Market?

Posted on by Rosalind Sack

With endless ‘kite-flying’ speculation concerning rising property taxes ahead of the Autumn Budget, some are suggesting that the government have already done more harm than good. Head of the Buying Solution, Will Watson, speaks to The Times and our Partner in the Northern Home Counties, Jemma Scott, speaks to The Telegraph about the impact they are witnessing on the ground

Houses of Parliament and Big Ben, London.

Unnerved by the prevailing uncertainty, some nervous owners of best-in-class properties are already considering selling ahead of the Budget on 26th November, Will Watson tells David Byers at The Times. “Particularly those who’ve held their properties for over 20 years and seen significant price growth,” adds Will. Read the article here.

Speaking to Maya Wilson Autzen at The Telegraph, Jemma Scott says that despite carrying more stock than she has had in recent memory, the market is heading towards stasis, thanks to the curveballs being thrown by the government ahead of the Budget. Read the article here.

The Lure of the Cotswolds for Beyoncé and Jay-Z

Posted on by Rosalind Sack

As music A-listers Beyoncé and Jay-Z are rumoured to be building a modern barn-style home on a vast 58-acre plot near Wigginton in the Cotswolds, our Head of the Cotswolds, Harry Gladwin, talks to Ruth Bloomfield at The Standard about the area’s transatlantic appeal.

Sarah Frances Kelley for The Buying Solution

Harry has seen a 30% increase in US-based buyers in the Cotswolds since the start of the pandemic. “This region ticks every box of what they dream the English countryside should be – rolling hills, honey-coloured stone, cricket on the green, cosy pubs and villages that look unchanged for centuries,” Harry told The Standard.

Read the article here.

How Potential Taxes on Downsizers Could Impact the Housing Market

Posted on by Jessica Jonzen

As Chancellor Rachel Reeves seeks to find £50bn to plug the Government’s financial black hole, speculation over potential new taxes on homeowners have revealed that downsizers could be in the firing line at the next Budget. Head of The Buying Solution, Will Watson, shares his insights with Maya Wilson Autzen from The Telegraph.

Sarah Frances Kelley for The Buying Solution

With the Chancellor reportedly considering replacing stamp duty with a new tax on sellers of homes over £500,000, it has also been suggested that the Government could charge capital gains tax on primary residences worth more than £1.5m.

As a result, homeowners are now considering delaying selling until a new government (they hope) is in place – a decision which would limit stock levels further still, says Will Watson in The Telegraph.

Read the article here.

How Postcode Snobbery Presents Great Buying Opportunities

Posted on by Jessica Jonzen

While some buyers are happy to pay a premium for a prestigious postcode, there is often far better value to be had nearby, our Cotswolds Partner Harry Gladwin tells Hugh Graham at The Times.

Sarah Frances Kelley for The Buying Solution

The wrong combination of letters and numbers in a Cotswold property’s address can completely deter some buyers, while others are willing to pay a six-figure premium simply for the GL postcode. Yet in the nearby villages of Warwickshire you can find the same charming honeyed-stone cottages and rolling views for significantly less, says Harry Gladwin in The Times.

Read the article here.

The Challenges of Being an Ex-Expat

Posted on by Rosalind Sack

As an estimated third of people who move abroad return to the UK within three years, our Partner in the North Home Counties, Jemma Scott, talks to Alexandra Goss at The Telegraph about the realities of readjusting to British life again.

In this feature which talks about ‘reverse culture shock’, Jemma – who specialises in international relocations – discusses the emotional shift associated with such a move. She also talks about why the perks that often come with an expat lifestyle can be one of the most difficult things to leave behind when returning to the UK.

Read the article here.

Downsizing: Look Before You Leap

Posted on by Rosalind Sack

According to a new study, downsizers are now moving 40% further than average buyers. Our Cotswolds Partner Harry Gladwin talks to Alexandra Goss at The Telegraph about why research is critical before downsizing to an unknown area.

Sarah Frances Kelley for The Buying Solution

Downsizing later in life inevitably means that the once crucial factors of school catchment areas and commuting times are no longer important. As such, growing numbers of downsizers are seeking a completely new way of life in a new area, often influenced by where their children and grandchildren are located. Yet it pays to ensure that a potential new neighbourhood is thoroughly researched before taking the leap, says Harry Gladwin in The Telegraph.

Read the article here and read more on The Joy of Downsizing: Why Planning Ahead Matters in our Insights blog here.

Could a New Property Levy Replace Stamp Duty?

Posted on by Rosalind Sack

As speculation continues that the Treasury is considering major property tax reforms ahead of the Autumn budget, one option on the table is replacing stamp duty with a new levy on homes sold for more than £500k. Our Partner and Head of the Cotswolds, Harry Gladwin, shares his reaction in PrimeResi.

Sarah Frances Kelley for The Buying Solution

While a new ‘proportional’ national property tax would aim to provide a steadier revenue stream, it’s thought that it could have a significant impact on liquidity, pricing and transactions across the UK market. Talking to the luxury property journal PrimeResi, our Head of the Cotswolds, Harry Gladwin, comments on the impact of such a tax on his region and how it could reinforce the value gap in the market.

Read the article here.

The Rise of the Bougie High Street

Posted on by Jessica Jonzen

From artisan bakeries and chichi cafés to independent boutiques and premium gyms, our high streets are becoming ever more curated according to a recent article in the Financial Times, featuring expert comment from our Partner Harry Gladwin.

Sarah Frances Kelley for The Buying Solution

Talking to journalist Cathy Hawker, our Head of the Cotswolds region, Harry, told her that outside of London, the practical is blending with the premium. He cites Groves Yard in Milton-under-Wychwood in the Cotswolds as a place where shoopers can stock up on lightbulbs, order a set of curtains, enjoy lunch, buy a oaf of freshly-baked bread, have a manicure and even visit the dentist.

Read the article here.

What’s Causing the Great Country House Slowdown?

Posted on by Jessica Jonzen

It’s a testing environment in the prime country house market, Idina Glyn of Mishcon de Reya reports for PrimeResi, with insights from our Partners Mark Lawson and Harry Gladwin.

Speaking to Idina Glyn, Partner in the Private Group at Mishcon de Reya, specialising in advising landed estates, UHNW individuals, rural businesses, and charities, Mark said: “After over 30 years of selling and buying in the country, I have never known such a challenging marketplace.”

Harry notes: “here’s a noticeable flight to quality: buyers are more discerning, less willing to compromise, and very value-conscious, so anything that’s compromised – whether on location, presentation or condition – is sticking.”

Read the article here.