It’s not all doom and gloom at the top end of the housing market – to the contrary, research from Knight Frank has highlighted 10 hotpots where sales of homes above £1million has been stronger this year than over the past three years.
These “business as usual” locations form a neat swathe through the South West, from Worcester in the West Midlands, through the Cotswolds, taking in the Gloucestershire towns of Cheltenham and Cirencester, then on through Bristol and Bath, to Sherborne in Dorset and Exeter in Devon.
Most of the locations are in the South West and many vendors in these areas are treating the current climate as a time to sell with less competition.
Jonathan Bramwell, Head of The Buying Solution, spoke to The Telegraph about Cirencester in particular as it comes out top of the list. Its £1million plus sales are up by a huge 75 per cent. Cirencester combines a trio of attractions; kerb appeal, good facilities and comparative value. Jonathan says; “It is a fabulous town, which has really been transformed in the past 10 years. Cirencester has got a beautiful town centre, a good selection of shops, great schools, some very pretty townhouses and the countryside is lovely. If you want that rural/urban mixture it works very well.
Just beyond Cirencester’s borders are charming satellite villages like Sapperton, Duntisbourne Abbots and Middle Duntisbourne in the south Cotswolds.
Jonathan estimates that despite being set in equally lovely countryside they are likely to be 10 to 30 per cent cheaper than similar villages in the more voguish north Cotswolds.
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