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News about Advice

FEBRUARY MARKET COMMENT

Our February Market Comment It’s well known that confidence is key to a healthy property market. Or it used to be at least. The pandemic didn’t dent it – quite the opposite in fact, with the average house price having risen over 11% in the past year (Source: Nationwide). Could issues such as rapidly rising energy prices, an unstable government, uncertainty in the Ukraine, and

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JANUARY MARKET COMMENT

A year ago, we predicted that 2021 would not be able to sustain the 7.3% house price growth experienced in 2020. Even the most bullish economists predicted no more than a 4.5% increase for 2021, yet, according to the Nationwide, 2021 closed with a 10.8% increase in the average UK property price.  Who’d have thought, during a severe pandemic, and as the effects of

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NEWS AND OUR ADVICE FOLLOWING THE RECENT INTEREST RATE INCREASE

Thursday 16/12/2021 The Bank of England Monetary Policy Committee has today announced a rise in the bank base rate from 0.1% to 0.25%. This was surprising considering that they held off doing so last month when conditions we not dissimilar. Nevertheless, with inflation soaring over 5% (the target is 2%), the bank was bound eventually to do something in response to rising prices and

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RUXTON DECEMBER MARKET COMMENT

What’s been happening in the property market in 2021?? Keen to know what we predict the market to do next year?? Find out in our December Market Comment below The key point is, if you are wanting to sell, DO NOT delay! Call our Sales Team today to discuss your individual needs….0121 704 0100 What an extraordinary year it’s been and it looks like

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RUXTON NOVEMBER 2021 MARKET COMMENT

Here’s a quick overview of the property market this November. The manic race for space prompted by the SDLT concession has definitely started to ease and we are now experiencing a near-normal healthy property market, albeit with a little less stock than expected, because we have sold most of it! According to the Halifax, the average UK property price now exceeds£270,000, with annual house

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Advice
Craig Simmonds

OCTOBER 2021 MARKET COMMENT

Here’s a quick overview of the property market this October. According to the Nationwide, annual house price growth last month was still very strong at about 10%, although this was down from 11% in August, and no doubt supported by the tail end of the SDLT concession which has now come to an end. It is interesting to note that the average house price

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DOWNSIZING 

The latest research* suggests that over 1.4 million over-65s will consider downsizing in the next five years with 1 in 10 of these doing so in order to raise funds in retirement – at an average of £62,000. But for many either the finances don’t add up or there are not enough suitable homes available. We are frequently asked to help retirees with their

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WHEN TO PACK?

You have decided to sell, but the thought of packing your home up can be daunting, especially if you have lived in the same property for many years. It is well known that a property sells more readily when it looks and feels like a home, rather than just bricks and mortar, so it could be argued that you shouldn’t start packing until you

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