There is particularly strong demand for farmhouses, with or without associated land, which are becoming increasingly attractive for “lifestyle buyers” who are looking for “a piece of land when switching from city to country life,” said Sudlow.
His agency's Oxford office, which spans part of the Cotswolds, is getting twice as many inquiries this year as there were in 2019, he said. By the end of June, the office had exceeded 2020 sales.
Despite rising demand, inventory remains tight in the area, said Mr. Edwards, Knight Frank's stockbroker. Homeowners "are not lured into the market to take advantage of the good sales conditions because they don't need to or because they feel like there is nowhere to go," he said.
According to HM Land Register, home prices in the Cotswolds County were stable between 2019 and 2020 and then began to rise. In July, the average house price in the borough was £ 439,106 ($ 595,000), down from £ 389,608 ($ 528,000) last July and £ 390,932 ($ 530,000) in July 2019.
Single-family homes grew similarly: around 13 percent, rising to 655,761 pounds ($ 888,000) in July from 577,916 pounds ($ 783,000) last July and 580,182 pounds ($ 786,000) in July 2019. Annual growth is the largest in the Region in more than a decade show land registry data.