Latest Property News
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£355 per month cheaper for First time buyers
They say you can’t have your cake and eat it too. But for many first-time buyers right now, falling mortgage rates are helping to prove otherwise.
On the average UK first-time buyer mortgage, monthly repayments are around £355 cheaper than they were three years ago. That saving can make the difference between simply scraping by and still being able to enjoy some of life’s little extras ... whether that’s a holiday, hobbies, or just breathing room in the budget.
Of course, we know that buying a home still feels out of reach for some. Yet for those who are ready to take the leap, this shift in affordability is worth knowing about.
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We all know rents have risen since 2016.
But once you adjust for inflation, the picture looks very different. Nominal growth tells us what the numbers say on paper. Inflation adjusted growth tells us what it feels like in people’s pockets.
Here’s how it breaks down, region by region:
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House Price Rises in the Last 50 Years
Over the last half century, the British housing market has experienced staggering growth. Since 1975, average house prices across the UK have risen by between 1,659% in Scotland and an eye-watering 3,753% in London. To put that into perspective, a home worth £10,000 in the mid-1970s would today be valued at anywhere from £175,900 to more than £385,000, depending on the region.
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% of Frome homes with an EPC of D or below
In England and Wales, the current minimum Energy Performance Certificate (EPC) rating requirement for private rental properties is an E. The government has suggested that this could be raised to a C by 2028 although no final decision has been made.
This map shows Frome and highlights the percentage of private rental homes with an EPC rating of D or below. The darker areas represent parts of the town with a higher proportion of less efficient homes. The lighter areas show where the percentage is lower.
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% of Frome 3 bedroom homes
Three-bedroom homes are often considered the backbone of the local property market. They appeal to the widest audience, from growing families to downsizers who want enough space without stretching themselves too far.
Nationally, there are just over 10 million three-bedroom homes in the UK, which make up 40.4% of all households. This shows just how dominant they are in shaping both demand and pricing trends across the country.
