Property Searches For The Cotswolds Double
Searches for property in the Cotswolds more than doubled in the second half of last year, as Brits swapped city life for country living in lockdown.
According to data from Rightmove, demand for property in the Cotswolds has significantly outstripped the national average, with a 102 per cent increase in interest, reports Tatler.
Some of the most popular areas include Chipping Norton, which was up by 109.5 per cent, Burford (82.3 per cent) and Chipping Campden (68.5 per cent).
“The headline market trend to emerge from 2020 was a huge jump in demand for rural areas and countryside living, and the Cotswolds ticks pretty much every box for home-movers seeking an escape to the country,” said Tim Bannister, Rightmove’s Director of Property Data.
He explained that as a designated Area of Outstanding Natural Beauty, the endless walking trails, and the village communities, the Cotswolds represents much of what people hold dear about the great British outdoors.
“It’s easy to see why the area is a magnet for people looking for a quieter life, and with remote working seemingly here to stay for many, I expect the popularity of the Cotswolds will continue to grow this year,” he added.
The research also revealed that average asking prices in the area were up by 14.8 per cent on 2019 figures, which equates to an annual increase of £38,290.
Rupert Sweeting, a partner for Knight Frank Country Department, said that the property market in the Cotswolds had been frantic since the housing market reopened in May 2020 with an abundance of properties available, and buyers paying premium prices for their dream homes.
“After experiencing being cooped up during the multiple lockdowns with a small or no garden, city dwellers quickly realised the benefits of moving to the countryside,” he said.
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