News & Updates | Page 3 of 43

Property Wealth, But Nowhere to Go For years, Rugeley’s baby boomers (aged 59 to 78) have reaped the benefits of a booming housing market, with rising property prices significantly increasing their net worth. The average Rugeley home has grown from £11,440 in 1974 to £288,872 today . But as this generation approaches retirement, they face a new challenge: finding homes that meet their current needs. Properties like bungalows, ground-floor apartments, and stair-free homes are in critically short supply, leaving many feeling stuck in homes that no longer suit their lifestyle.

When thinking about selling a home, December is often overlooked. Many people assume the festive season is the “wrong time” to list a property, believing buyers are preoccupied with Christmas and the New Year. However, this assumption couldn’t be further from the truth. A well-timed December sale can give you the perfect head start for the following year, allowing you to move forward without delay. Here, we’ll explore why selling in December can be a smart decision for those looking to plan ahead and achieve a successful move.

The housing market in Rugeley is showing positive growth. By 22nd November 2024, house sales were up 17.9% compared to the same period in 2023. However, the market isn’t without its challenges. Key Highlights UK-Wide Growth:  Across the UK, 1,009,340 homes were sold subject to contract (STC), an 18% increase from 2023. Average Prices:  The average UK selling price rose by 11%, from £326,125 in 2023 to £362,017 in 2024. This reflects more high-value properties being sold, rather than an 11% rise in overall house prices. Rugeley Trends:  Locally, the average selling price in Rugeley dropped slightly to £287,890 in 2024, compared to £292,116 in 2023 (a 1.4% decrease).

As the festive season approaches, you might have heard the buzz around Boxing Day being the perfect day to launch your property on the market. But is it fact or just a well-spun myth? Let’s break it down ...

What it Means for Landlords? Recent figures from the Office for National Statistics reveal that across the UK, 486,795 households are occupied by individuals aged 65 (and over) who live in a private rental sector home. This represents 6.71% of all OAP’s that are now renting privately.  Ten years ago, only 267,704 households were occupied by individuals aged 65 (and over) that lived in private rental sector home, (which represented just 4.39% of all older adults).

As the temperature drops, one of the biggest concerns for homeowners is the risk of frozen pipes. When water inside pipes freezes, it expands, which can lead to pipes bursting – a costly and stressful situation. Fortunately, there are effective steps you can take to prevent this from happening. In this blog post, we’ll explore practical ways to protect your pipes and keep your home running smoothly throughout winter.