News & Updates | Page 7 of 43

The terraced house, once considered a relic of the past, is making a notable comeback. But one might wonder - did it ever truly go out of fashion? The simple, unassuming two-up two-down, a hallmark of Victorian red brick Britain, is now being rediscovered by modern Rugeley buyers looking for more than just a place to live. They want a home, a slice of history, and the benefits of ownership that many newer properties simply don't provide. While the allure of the sleek modern flat may have dominated recent decades, the terraced house is proving to be a surprisingly attractive option for many - particularly for first-time buyers. According to recent research by Zoopla, terraced houses, in particular two-bedroom terraced homes, are currently the fastest-selling type of property in England and Wales, with an average sale time of just 27 days. So, what’s behind this resurgence, and is the same happening in Rugeley? Also, why are terraced houses, which some may have once considered outdated, now back in vogue?

The Rugeley property market has experienced major changes over the past few years, as seen in the graphs. They show the trends in the number of homes for sale and those sold subject to contract (SSTC) from January 2019 to July 2024. These trends highlight how the local market has evolved, especially with available homes doubling since mid-2022. For homeowners, this means realistic pricing is more important than ev

The rental property market is facing some big changes that might cause concern for landlords across the UK. The new Labour government has announced plans to raise the minimum energy performance standards for rental properties, and this could have a major impact on both landlords and tenants. The key change? By 2030, all rental properties will need to have an Energy Performance Certificate (EPC) rating of at least C, up from the current minimum of E. These new regulations are part of the government's commitment to tackling climate change and improving energy efficiency in homes across the country. However, this isn't the first time the UK government has focused on improving energy standards in private rentals. Back in 2018, the Conservative government introduced EPC regulations requiring landlords to bring their properties up to a minimum E rating, with certain exemptions and a spending cap of £3,500 per property to ease the financial burden on landlords.

Are you a Rugeley homeowner thinking about moving in the next 6 to 12 months? Whether you’re dreaming of buying a new home or selling a property close to your heart, understanding today’s property market is key. Maybe you’re a buy-to-let landlord wondering if it’s time to expand or sell part of your portfolio? Or perhaps you’re a first-time buyer considering if now is the right time to step onto the property ladder? No matter which category you fall into, understanding if the current market favors buyers or sellers will help you make smarter decisions. Let’s dive into the Rugeley property market to see what’s happening with prices, trends, and opportunities, so everyone—buyers, sellers, investors, and first-time homeowners—can plan their next steps strategically.

The Rugeley property market has seen its share of ups and downs since 2019, shaped by both challenges and opportunities that have influenced home buying and selling in the area. The graph here shows these changes clearly, comparing Rugeley’s monthly house sales (in blue) to the average over the last six years (2019 to 2024). It also shows how the Bank of England’s base rate (in orange) has evolved over the same period. By reviewing this six-year span, we can see how resilient the local market has been, despite the influence of economic factors like rising interest rates on property sales.

The UK property market has undergone significant shifts since the summer of 2020, driven primarily by the post lockdown race between the summer of 2020 and late 2021, and then a rapid series of interest rate hikes aimed at curbing inflation in 2022 and 2023. These changes have had far-reaching implications across the property market, influencing both prices and transaction volumes. As we explore the nuances of these facts, it has become evident that while some anticipated trends (the property market was supposed to crash in Covid and again on the interest rate rises), this did not fully materialise. In fact, the property market has shown remarkable resilience under pressure.