Latest Property News
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1,302 Frome Landlords to be Hit by New Eco Rules in 2030
The rental property market is on the brink of a significant shift, one that will undoubtedly cause concern among landlords across the UK. The new Labour government has made clear its intention to raise the minimum energy performance standards for rental properties, a move that could have far-reaching implications for both landlords and tenants alike. The proposed change, which would see the minimum Energy Performance Certificate (EPC) rating for rental properties increase from E to C by 2030, has sparked a mix of anxiety and uncertainty within the property sector.
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Exploring Frome's 3 Person Households: A Demographic Insight
This month's ONS Heat map provides an intriguing look at the distribution of three-person households across Frome.
The darker shades of blue on the map indicate areas with a higher percentage of three-person households, while the lighter shades towards green show areas with a lower percentage.
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Frome Property Market 2024: A Strategic Guide for Buyers and Sellers
Are you a Frome homeowner? Are you thinking of moving home in the next six to twelve months? Whether you're aiming to buy your dream Frome home or sell a beloved property, grasping the current market dynamics is crucial.
You might be a Frome buy-to-let landlord, possibly looking at selling or buying another property to add to your portfolio?
Also, you could be a Frome first-time buyer and wondering if this is a good time to buy or not?
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Comprehensive Analysis of European Mortgage Lending: 2019-2023
In recent years, the European residential mortgage market has experienced significant fluctuations, reflecting broader economic trends and local housing dynamics. By examining both the total mortgage lending and the average lending per capita from 2019 to 2023, we gain a deeper understanding of the property market's impact on individual citizens and the overall economy of each country.
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Frome Starter Homes 34.6% Cheaper Today Than 35 Years Ago
It might surprise many that, despite significant inflation over the past few years, buying a house today is still more affordable as a percentage of take-home pay.
The average value of a typical Frome first-time buyer property has surged by 318.1% since 1989 (35 years ago), reaching £309,600 in 2024. So, the title of this article sounds wrong.
Yet the headline price one pays for your home is almost irrelevant. Indeed, it is what it costs each month out of one's salary. You see, despite this increase in house prices, the monthly mortgage payments that first-time buyers in Frome need to make today are significantly lower as a proportion of their take-home pay compared to 1989.
