Rightmove has just published its latest House Price Index, giving us a clear picture of how the housing market is performing across the country. Here’s what’s happening nationally, and what it means for homeowners and buyers in Rugby and East Warwickshire.
The Big Picture
What’s Happening in the West Midlands?
For us in East Warwickshire, the news is positive.
Mortgage Rates and Buyer Affordability
Mortgage costs are easing
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The average two-year fixed rate has fallen from 5.03% to 4.52% over the past year.
- For someone buying at today’s average asking price with a 20% deposit, that’s nearly £100 less on monthly repayments compared to a year ago
- With stable prices and easing mortgage costs, Rugby remains an attractive and more affordable option compared to many parts of the south.
What This Means for Sellers in Rugby
Price realistically
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Realistic pricing is key. Buyers are more cost-conscious, but well-presented homes at the right price are selling well.
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With supply not as high as in the south, Rugby sellers are better placed to stand out without needing to make big price reductions.
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If the government presses ahead with new property tax changes in the November Budget, they’re expected to impact higher-value southern markets more than ours.
What This Means for Buyers in Rugby
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With mortgage costs lower and plenty of homes to choose from, now is a good time to make a move.
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Rugby’s stability makes it a safe and sensible choice for buyers looking for long-term value.
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Acting before the Budget may be wise, just in case tax changes create uncertainty in the wider market.
In Summary
The housing market in Rugby and East Warwickshire remains steady, with little change in prices compared to last year — a much stronger position than many parts of the south. Sellers should keep pricing competitive, while buyers can take advantage of lower mortgage rates and a stable local market this autumn.
You can view the Rightmove House Price Index Here: CLICK HERE or view the PDF Report here: CLICK HERE
