‘Perfect storm’ hits house prices in the Cotswolds as demand for homes in some of Britain’s most sought after postcodes plummets

House prices boomed in this fine and exclusive corner of English countryside during the pandemic as homeowners left cities for a rural life during the ‘race for space’.

But the Cotswolds may have hit its peak with property values having fallen 12 per cent between late 2022 and the end of last year, according to estate agents Savills.

The reversal in fortunes comes after prices for country houses in the region rose by nearly a fifth when Covid-19 was gripping the nation between 2020 and 2022.

Dozens of high-end properties listed in the Cotswolds have had their prices cut in recent months as

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