3 days ago
Londoners are being 'priced out' of the Cotswolds housing market
Londoners are being priced out of properties in the Cotswolds according to new figures.
Residents from the UK capital accounted for just nine per cent of those looking to purchase a home in the Cotswolds last year.
This research by Hamptons shows a decline from a peak of 14 per cent back in 2021 showing the exodus from London to have shrunk in recent years.
The Telegraph argues this is because they are being priced out with average house prices in the Cotswolds rising 56 per cent since 2014.
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Less Londoners are desiring a move to the Cotswolds. (Image: Unsplash)
This is twice the growth recorded in London over the last decade, which stands at 28 per cent.
'Londoners haven't had the housing market on their side for the best part of a decade,' says David Fell, of Hamptons.
This coincides with an influx of Americans in the area with many making the trip over the pond to live in the Cotswolds.
"It's terribly beautiful. The scenery is glorious," said local store owner and Boston native Jesse D'Ambrosi, who moved to the area five years ago, while talking with Mail Online.
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"The Cotswolds is the Hamptons of England - without the sea of course.
"It's also comparable to going upstate, though it's a bit more rural and bucolic."
This notion of exclusivity has been bolstered by the presence of several private member clubs in the area.
Cotswolds Council leader Joe Harris added that US nationals are "all over" the Cotswolds.
