Latest Property News
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A Decade of Transformation: Frome's Rental Market Evolution
Frome's rental landscape has undergone significant changes in the past decade, and understanding these shifts is crucial for any astute landlord. To illuminate these trends, I have created an insightful heat map that vividly depicts the evolution of average rental prices across Frome over the last 10 years.
This heat map isn’t just a colourful representation; it's a powerful tool that reveals patterns and trends in rental pricing, providing a clear visual of how different areas in Frome have developed. This decade-long perspective is invaluable for landlords looking to adapt to the changing market and identify emerging opportunities for investment.
Frome's rental landscape has undergone significant changes in the past decade, and understanding these shifts is crucial for any astute landlord. To illuminate these trends, I have created an insightful heat map that vividly depicts the evolution of average rental prices across Frome over the last 10 years.
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Mortgage War Will Save Frome Homeowners £3,950 a Year
In a recent financial turn, Frome residents are experiencing a wave of relief as mortgage rates across the UK take a surprising dip. This reduction, led by major lenders, signals a potential opportunity for the Frome housing market, directly affecting homeowners, landlords and first-time buyers in the town.
Let's delve into what this means for the local market, weighing up both the opportunities and the need for realistic expectations.
The Welcome Decline in Mortgage Rates
Leading the charge, Halifax announced on the 2nd of January a significant 0.83% cut in its re-mortgage deals, a move promptly followed by other financial institutions.
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Landlords - Please read 👀 January 2024 update !
It's time for new year, new you, and making resolutions that last beyond the first two weeks of January. This month marks what's set to be a monumental year, with a general election likely on the corner, and changes to the private rental sector with the upcoming Renters (Reform) Bill.
Parliament reopens to news of an upcoming general election
Prime Minister Rishi Sunak has suggested that the next general election will be in "the second half of this year", although there has also been speculation it would occur in May 2023. With parliament re-opening in January, it's clear that this year will be very interesting for Westminster.
How the 18.4% Saleability Drop in the Frome Property Market Might Impact Your 2024 Home Moving Plans
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How the 18.4% Saleability Drop in the Frome Property Market Might Impact Your 2024 Home Moving Plans
The Frome housing market, like many others, has experienced a notable shift in 2023.
The percentage of home sales agreed and moved (completed) compared to those withdrawn from the market unsold has decreased relative to 2022.
Looking at independent data for the Frome area (BA11) …
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Embarking on the Landlord Journey:
Insights for Aspiring and Seasoned Landlords in Frome
Property investment has long been a staple in British retirement planning.
The introduction of the buy-to-let mortgage over a quarter-century ago marked a significant turn, presenting opportunities for dual returns: rental income in the short-term and capital growth in the long-term. You can see why there are a substantial number of Frome landlords who view property investment as a cornerstone of their retirement strategy.
