Have Rugeley baby boomers wrecked the Rugeley property market for millennials, holding younger families back from buying their own home?

Posted on Friday, February 26, 2021

With UK property prices rising by 49% in the last 8 years, but wages by just under 12%, many have put some of the blame for the housing crisis on the Baby Boomer generation. Have Rugeley baby boomers wrecked the Rugeley property market for millennials, holding younger families back from buying their own home?   This is all discussed in this article, with some interesting Rugeley stats that will be surprise you

Half of Cannock Homeowners move again within 3 years and 27 weeks - why?

Posted on Friday, February 19, 2021

In Britain, there are 27,071,500 households, of which 17,044,450 are owned, and are worth a total of £3,925,865,212,950 (£3.92 trillion). Over the last 5 years, an average of 86,096 properties sell each month, meaning just over a million UK households move home per year. Therefore, the average British homeowner moves every 16 years 5 months.

Half of Rugeley Home Owners move again within 5 years and 31 weeks - why?

Posted on Friday, February 19, 2021

In Britain, there are 27,071,500 households, of which 17,044,450 are owned and are worth a total of £3,925,865,212,950 (£3.92 trillion). Over the last 5 years, an average of 86,096 properties sell each month, meaning just over a million UK households move home per year. Therefore, the average British homeowner moves every 16 years 5 months. These statistics refute a common hypothesis that British neighbourhoods are becoming more fleeting and transitory. On the face of it, they appear to show that, once you have succeeded to buy a property you can call home, there isn’t much motivation to move again.   So, why aren’t people moving home so much?

Is it time to Stamp Out Stamp Duty

Posted on Monday, February 15, 2021

Stamp Duty  is a tax most property buyers pay when buying their Rugeley home or buy-to-let investment, but in July 2020, buyers were given a Stamp Duty tax break until April 2021. Yet, now around a third of a million UK property buyers are delayed in property sales and they could miss out on savings of up to £15,000 if the tax break is cancelled. Read what this will mean for the Rugeley property market in this article

The Busiest December for the Rugeley Housing Market since 2006

Posted on Friday, February 12, 2021

Over the last six months, the Rugeley Property Market has been flourishing. As soon as an estate agents “For Sale” flag went up, neighbours would be checking out Rightmove to see the internal pictures and compare the asking price to their own home ( go on ... admit you do that too – every Rugeley homeowner does ). Flabbergasted by optimistic asking price tags, those same Rugeley homeowners stand open-mouthed to see a sold slip added to the board a few weeks later.

30% Drop in Rugeley Homes ‘For Sale’ in Last 3 Months What does this mean for Rugeley property owners?

Posted on Friday, February 12, 2021

With most Rugeley families home schooling their children in lockdown and the forthcoming Stamp Duty Holiday deadline on the 31 st  March 2021, less Rugeley properties have been coming onto the Rugeley property market since the new year. This has prompted a 30% drop in the supply of Rugeley homes for sale compared to November 2020. For the past couple of decades, like clockwork, Rugeley estate agents’ busiest times for putting property onto the market is the new year to Easter rush, with a smaller flurry of new properties coming onto the market in the mid/late summer. Yet, since the ending of lockdown 1.0 in the late spring 2020, nothing has been normal about the Rugeley property market. Throughout the summer, the number of properties coming onto the market in Rugeley steadily rose to its peak in November and the number of properties then becoming sold subject to contract (stc) rose even higher  (and whilst statistics don’t exist for the properties sold stc,   anecdotal evidence suggests there were just under 50% more Rugeley properties sold stc in the last six months of 2020, compared to the same 6 months in 2019 ). However, back to the number of properties for sale…

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