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In the credit crunch of 2008/9 the rate of home moving plunged to its lowest level ever. In 2009 the rate at which a typical house would change hands slumped to only once every 22 years. The biggest reason being that confidence was low and many homeowners didn’t want to sell their home as Rugby … Continue reading Rugby Homeowners Are Only Moving Every 15 Years (Part 2)

As I mentioned in a previous article, the average house price in Rugby is 6.52 times the average annual Rugby salary. This is higher than the last peak of 2008, when the ratio was 5.98. A number of City commentators anticipated that in the ambiguity that trailed the Brexit vote, UK (and hence Rugby) property … Continue reading Rugby Home Owners Are Only Moving Every 15 Years (Part 1)

I recently read a report by the Yorkshire Building Society that 54% of the country has seen wages (salaries) rise faster than property prices in the last 10 years. The report said that in the Midlands and North, salaries had outperformed property prices since 2007, whilst in other parts of the UK, especially in the … Continue reading Rugby House Prices Outstrip Wage Growth by 2.35% since 2007

Moving to a bigger home is something Rugby people with growing young families aspire to. Many people in two bedroom homes move to a three-bedroom home and some even make the jump to a four-bed home. Bigger homes, especially three-bed Rugby homes are much in demand and it can be a costly move. If you … Continue reading Moving from a 2 bed Rugby Property to a 4 bed will cost you £833 pm

David Gray, 34-year-old father of two from Rugby, was out house hunting. It was a pleasant August Saturday afternoon, and our man cycles along on his bike. He cycles up a street of suburban semis, where he spots a few retired mature neighbours, chatting to each other over the garden fence. He leans his bicycle … Continue reading Decreasing Numbers of Younger Homeowners in Rugby

I was having a lazy Saturday morning, reading through the newspapers at my favourite coffee shop in Rugby.  I find the most interesting bits are their commentaries on the British Housing Market.  Some talk about property prices, whilst others discuss the younger generation grappling to get a foot-hold on the property ladder with difficulties of … Continue reading 28.7% Drop in Rugby People Moving Home in the Last 10 Years

Well last week’s article “The Unfairness of the Rugby Baby Boomer’s £2,891,690,000 windfall?” caused a stir. In it we looked at a young family member of mine who was arguing the case that Millennials (those born after 1985) were suffering on the back of the older generation in Rugby. They claimed the older generation had … Continue reading Rugby Baby Boomers vs. Rugby Millennials (Part 2)

On several occasions over the last few months, in my Rugby Property Blog, I predicted that the rate of rental inflation (i.e. how much rents are rising by) had eased over the last year. At the same time I felt that in some parts of the UK rents had actually dropped for the first time … Continue reading Rugby Buy-To-Let Predictions up to 2037

Over the last 12 months, the UK has decided to leave the EU, have a General Election with a result that didn’t go to plan for Mrs May and to add insult to injury, our American cousins elected Donald Trump as the 45th President of the United States. It could be said this should have caused … Continue reading Rugby Homeowners and their £1.37 billion Debt

Recently I was having a chat with one of my second cousins at a big family get-together. The last time I had seen them their children were in their early teens. Now their children are all grown up, have partners, dogs and children. Wow – how time flies! So, I got talking over a glass … Continue reading The Unfairness of the Rugby Baby Boomer’s £2,891,690,000 Windfall? (Part 1)

The Chancellor of the Exchequer announced a 3% hike in Stamp Duty Land Tax (SDLT) on buy-to-let properties and second homes in the 2016 Autumn Statement. This was met with “outrage” from various quarters, such as the Association of Residential Letting Agents (ARLA) and others who describe it as “the nail in the coffin of … Continue reading Stamp Duty Hike Means Act Fast for Investment Buyers!

In November 2015, George Osborne disclosed plans to restrain the buy-to-let (BTL) market, implying its growing attractiveness was leaving aspiring first time buyers contesting with landlords for the restricted number of properties on the market.  One of things he brought in was that tax relief on BTL mortgages would be capped, starting in April 2017.  … Continue reading 4,771 Rugby Landlords – Is This a Legal Tax Loop-Hole?

I received a very interesting email the other day from a Rugby resident. He declared he was a Rugby homeowner, retired and mortgage free. He stated how unaffordable Rugby’s rising property prices were and that he worried how the younger generation of Rugby could ever afford to buy? He went on to ask if it … Continue reading Rugby First Time Buyers Mortgages taking 28.6% of their Wages

Should you buy or rent a house? Buying your own home can be expensive but could save you money over the years. Renting a property through a letting agent or private landlord offers less autonomy to live by your own rules, with more flexibility if you need to move. Yet, there is third way that … Continue reading Council House Waiting List in Rugby Drops by 73.3% in last 5 years

There are 23.36 million properties in England and Wales with 64% being owner occupied and 36% being rented either from a private landlord, local authority or housing association. Over nine out of ten of those English and Welsh owner-occupied properties are a whole house or bungalow. Now, most people would assume they would be freehold … Continue reading 1 in 16 Rugby Properties are Leasehold

According to the Land Registry’s latest House Price Index for Rugby and the surrounding locality, the value of apartments/flats are rising at a faster rate than terraced/town houses, semi-detached properties and even detached property.   Values of apartments in Rugby have increased by 4.53% over the past year, which is proportionally 42% more than the … Continue reading Rugby Flats Out Perform Property Market Average by 42%

So all cards up in the air! A general election will be on the books, but one thing is for sure … whoever gets the job to deal with Brexit has a hard job on their hands (I’m just glad its not me!) As it currently stands, by not assuring the rights of EU citizens in … Continue reading Hard Brexit could cause 1,800 properties to be dumped onto the Rugby Property market.

As more babies are being born to Rugby mothers, I believe this increase will continue to add pressure to the over stretched Rugby property market and materially affect the local property market in the years to come.   On the back of eight years of ever incremental increasing birth rates, a significant 5.50 babies were … Continue reading 5.50 Babies Born for Each New Home Built in the Rugby area

How does that affect the Rugby Property Market? It might surprise you that it isn’t always the poshest villages around Rugby or the swankiest Rugby streets where properties sell and let the quickest. Quite often, it’s the ones that have the best transport links. I mean, there is a reason why one of the most popular property programmes on … Continue reading 2,281,588 People use Rugby Train Station a year –

The Rugby Property Market is a very interesting animal and has been particularly fascinating over the last 12 years when we consider what has happened to Rugby rents and house prices. There’s currently much talk of what will happen to the rental property market following Brexit. To judge that, I believe we must look what … Continue reading Rugby Rents rise by 14.8% since 2005

2017 has started with some positive interest in the Rugby property market.  Taking a snap shot of the Rugby property market for the first quarter of 2017, the picture suggests some interesting trends when it comes to the number of properties available to buy, their asking prices and what prices properties are actually selling for. … Continue reading Only 176 Properties For Sale in Rugby

The Rugby housing market has gone through a sea change in the past decades with the Buy-to-Let (B-T-L) sector evolving as a key trend, for both Rugby tenants and Rugby landlords. A few weeks ago, the Government released a White Paper on housing. I have had a chance now to digest the report and wish … Continue reading How The Rented Sector Has Transformed The Property Market In Rugby

Investing in Rugby buy to let property is different from investing in the stock market or depositing your hard-earned cash in the Building Society. When you invest your money in the Building Society, this is considered by many as the safe option but the returns you can achieve are awfully low (the best 2-year bond … Continue reading ‘Flipping’ Heck – Rugby Property Values Rise by £35.18 a day

The good old days of the 1970’s and 1980’s eh … with such lowlights as 24% inflation, 17% interest rates, 3 day working week, 13% unemployment, power cuts … those were the days (not)… but at least people could afford to buy their own home. So why aren’t the 20 and 30 something’s buying in … Continue reading ‘Generation Rent (Forever)’ – 4,180 Rugby Tenants have no intention of ever buying a property to call home

If I were a buy to let landlord in Rugby today, I might feel a little bruised by the assault made on my wallet after being (and continuing to be) ransacked over the last 12 months by HM Treasury’s tax changes on buy to let. To add insult to injury, Brexit has caused a tempering … Continue reading With 10,886 people in Private Rented Properties in Rugby – Should you still be investing in Rugby Buy To Let?

Starting with the bigger picture, over the last 12 months in the UK, 1,061,557 properties were sold with a total value of £223.74 bn. To give that some context, ten years ago 1,581,727 properties sold with a total value of £405.56bn, so it can be seen the number of people moving house has dropped by … Continue reading Rugby First Time Buyers borrow £66.6m in the last 12 months

Recent statistics published by the Office of National Statistics show that there are 267,704 private rented households in the Country that are occupied by people aged 65 and older, meaning 4.39% of OAP’s are living in private rented property.   It got me thinking two things. How many of these OAP’s have always rented and … Continue reading 206 Rugby Households Occupied by OAP Renters

“How much would it cost to buy all the properties in Rugby?” This fascinating question was posed by the 14-year-old son of one of my Rugby landlords when they both popped into my offices before the Christmas break (doesn’t that seem an age away now!). I thought to myself, that over the Christmas break, I … Continue reading £6.22bn – The total value of all Rugby Property Market