News & Updates | Page 5 of 33

In an age of soundbites and sensationalism, the UK property market—particularly here in Rugeley—often finds itself misconstrued by general narratives. While we cannot ignore the challenges of increasing mortgage rates and shifting buyer preferences, it is vital to appreciate the broader context to understand what's happening in the Rugeley property landscape. The UK housing market is currently at a crossroads, characterised by its lowest house price growth since 2012. High mortgage rates are making a significant dent in market activity, affecting everything from buyer demand to the volume of property sales. Rugeley properties are still selling but not at the rate or level they were in 2021. Therefore, correctly pricing your property for sale cannot be underestimated. Let me explain why, then the reasons behind the current state of play nationally, and finally, the exact story of what is happening now (and in the future) in Rugeley.

Are Rugeley Landlords Profiteering? The private rented sector for both Rugeley landlords and Rugeley tenants is facing immense challenges, with a shortage of available homes for rent putting renters under significant pressure. And you can see why when the average UK rent in 2021 was £1,381 and in 2023 it has been £1,706, an increase of 23.53%. Let’s look closer to home in the Rugeley area.

Call me old-fashioned and nostalgic, but I am fond of terraced houses. I've conducted some research that my fellow readers of the Rugeley Property Market Blog will find intriguing!

When it comes to selling your property, you could consider the option of bypassing the services of a conventional estate agent. However, it's essential to carefully assess the advantages and drawbacks before deciding. Selling a property can be complex and time-consuming, especially if you go solo. This article will guide you through the various avenues available and provide insights into why enlisting the assistance of an estate agent is often the wisest choice.

Worried about the Rugeley housing market? Here's some good news! Rugeley homeowners have many reasons to stay positive, including a strong job market, 2023 being very different from 2008, and the long-term value of homeownership. 

During the pandemic, the property market experienced a surge in demand for larger Rugeley homes with spacious gardens. However, the tides are shifting, and a new trend is emerging. The combination of an ageing Rugeley population, the post-Covid trend for early retirement and economic uncertainty has sparked a newfound love for downsizing. And surprisingly it is the bungalow, often overlooked in favour of more glamorous options, that is now left, right and most certainly centre in the spotlight. As average mortgage rates have risen above 6%, middle-class families facing financial constraints seek alternatives to their larger homes.   Bungalows are becoming increasingly the preferred choice for those looking to downsize.