News & Updates | Page 1 of 33

In the articles on the Rugeley property market, we like to provide an insight into the real story of what is happening in our Rugeley (and national) property market and address the misconceptions that some of the ‘doom monger’ media have been spreading. Despite almost daily reports of a housing market crash since September 2022, the data shows that the British (and Rugeley) property market is doing OK. So, let’s dive into the stats and start with the life blood of the housing market – new properties coming on to the market.

The UK's property market is facing a significant challenge as the availability of homes for rent has plummeted to its lowest level in five years, exacerbating the difficulties tenants face in finding affordable accommodation. This alarming trend was highlighted in a recent analysis, which revealed that in 2023, only 261,542 private rental homes were available per month in the UK, marking a steep decline from the 379,459 monthly average of rental homes available in 2020 - a drop of 31%, underscoring a worrying trend that has been developing over recent years.

As an estate and letting agent with a keen eye on local Rugeley property trends, it becomes imperative to delve into the nuanced landscape of property types, mainly through the lens of bedroom distribution across various tenures. This analysis enriches the knowledge base of Rugeley homeowners and landlords and positions them advantageously in making informed decisions. At the heart of this exploration lies the categorisation of properties based on tenure: owner-occupied, owner-occupied with a mortgage, privately rented, and social housing. When dissected by the number of bedrooms - one, two, three, and four or more - each category reveals insightful trends that I can compare with local and national housing narratives.  

Rugeley's Restless Homeowners: The 5 Year 39 Week Itch in the Rugeley Housing Market There are 28.4m households in Britain, of which 17,693,200 are owned, worth a total of £5,127,807,837,600 (£5.1 trillion). When you add all the private rented homes and council houses, that figure reaches just over £8.5 trillion!

Many Rugeley people I talk to in their late 30s to late 40s are relying on the inheritance from their Baby boomer generation parents to help them in their home buying and retirement future.

Whether you are a Rugeley landlord looking to liquidate your buy-to-let investment or a Rugeley homeowner looking to sell your home, finding a buyer and then getting the legal work done can take a frustratingly long time. It is a step-by-step process that can take many months.