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Agent reports 51 per cent increase in cash buyers

publication date: Jul 3, 2009
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The number of cash buyers registering with Cotswolds agent Butler Sherborn has risen by 51 per cent during the period January to June 2009 compared to the same period in 2008.

Sam Butler, senior partner, says: “We’ve more buyers now than before the market slumped. Although the current financial climate is not great, people still want to buy in the Cotswolds. The only problem is we simply don’t have enough properties to sell. There is still much caution amongst sellers when actually this is a prime time of year when they really should be bringing their properties to the market. The Cotswolds will always be very desirable and our buyers are interested in everything from chocolate box cottages through to country houses and large estates.”

Sam adds: “We recently had a very successful and interesting time at the ‘Move to the Country Show’ in London. We had a constant stream of potential buyers, with the Cotswolds proving the most popular area to move to. While many were cash buyers, we had more letting requests than usual, with several people wanting to ‘try before they buy’. These clients said they wanted to rent first, so they could not only observe what will happen to property prices, but also have more choice when they are ready to buy. We’ve also got local buyers wishing to move within the region but these are becoming frustrated as sellers continue to hold back.”