News & Updates | Page 35 of 43

Rugeley house prices rose by 4.9% last month, according to the Land Registry. This means the annual rate of house price growth in Rugeley has increased to 16.3%. Looking at the national figures, many people were concerned the UK property market was overheating as spring saw annual growth of 9.9%, the highest rate of house price growth documented since June 2007 (when national house prices were rising by 10.8% pa). It was only a matter of a few months later the Credit Crunch hit, and the value of the average UK home plummeted from £190,032 to £154,452 in 18 months, a drop of 18.7%. Government economic measures such as the Furlough Scheme and the Stamp Duty Holiday have so far shielded the Rugeley property market from the worst economic recession since 1709.

New gov’t rules will mean draughty low eco-friendly Rugeley homes will drop in value because of some potential new legislation and will punish building societies & banks on the average eco-friendliness of the properties they lend money on.

29.1% of Rugeley Landlords Could be Fined £5,000 each with New Energy Regs … whilst possible new mortgage rules for Rugeley homeowners would make it harder to sell their draughty old properties

All the   signs   are that the   housing market   is sat on gd foundations,   yet   one   key   hazard   could   still   scupper   the market   Read this article if you are a buy-to-let landlord or a Rugeley homeowner so you can prepare and not lose out ”

As 1 in 4 Rugeley homes are selling within a fortnight of coming to market.