Latest Property News
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Embrace the Adventure: Downsizing for Mature Frome Homeowners
In today's uncertain economic climate, many mature Frome homeowners are contemplating the idea of downsizing from their large, empty nests. As costs rise and families fly the nest, downsizing presents an opportunity for financial relief and a chance to embark on a new chapter of life. If you find yourself considering this transition, it's essential to approach it as an adventure filled with exciting possibilities. As a Frome estate agent, we can guide you through this process, providing valuable insights and helping you discover properties that cater to your future needs.
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The Importance of Choosing an Estate Agency with Commitment to Ongoing Professional Development
When it comes to selling your home, choosing the right estate agency is crucial.
Not only do you want an agency with a strong track record of success, but you also want one that is dedicated to ongoing professional development.
At Rivendell Estates we pride ourselves on the high level of professionalism of our team. Our agents are constantly updating their knowledge and skills to provide the best possible service and knowledge to our clients.
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Is Frome a Buyers’ or Sellers’ Property Market?
A Comprehensive Guide for Frome Homeowners
In the ever-changing world of Frome property, the terms ‘buyers’ market’ and ‘sellers’ market’ are phrases bandied about.
These property market conditions can significantly impact your ability to buy or sell a Frome property, regardless of which side of the fence you find yourself on.
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Cautious Optimism in the Frome Property Market
As the British and Frome property market navigates the ongoing economic turmoil, many Frome homeowners and landlords may feel uncertain about the future.
However, up-to-date data suggests that the 2023 property crash predicted by the many newspapers and the usual clickbait doom-mongers in the lead-up to Christmas on social media, may not be as bad as initially thought, and there are reasons to be cautiously optimistic.
According to property website Rightmove, the average asking price of a home for sale in the UK rose by just £14 in February.
While this might sound like cause for concern, asking prices remaining flat rather than falling could be seen as a positive sign for the year ahead. Remember that they are only what people are asking (not necessarily achieving).
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Will the Cost-of-Living Crisis Mark the End of the Booming Frome Property Market?
Frome property prices have increased by 24.9% over the last two years.
Frome house prices have risen on the back of several things, including changes in how people see their homes and how they live and work (i.e., working from home), a lack of properties on the market and government tax incentives (the stamp duty holiday in 2020).
Yet, the tide could be beginning to turn as the number of houses coming on the market is increasing as supply is starting to catch up with demand - in Q1 2022, 389,811 properties came onto the market in the UK compared to 425,295 in Q2 2022. One would typically expect Q1 to be larger than Q2 in average years.
