Latest Property News
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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.
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The Shifting Frome Property Market
The Frome property market is on the cusp of a tipping point. It’s a tipping point that will influence Frome house prices, the number of properties available to buy, demand for those Frome properties and the lives of every homeowner and the property-owning buy-to-let landlords in Frome. This shift in the Frome property market is a big deal so let me explain.
What are the two vital reasons for this shift in the Frome property market?
First, the easy-going Frome property market goldmine of the past couple of years will end.
The bonanza of the Frome property market for house sellers, which was primarily fuelled by cheap money, is receding and the scales are starting to tip somewhat more in favour toward Frome buyers (which is not a bad thing - more of that later).
Secondly, and more significantly, this shift in the Frome property market is not a collapse.
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The 6 Reasons Frome Rental Properties Could Inflation-Proof Your Savings
Inflation (and recessions) can be nerve racking for people and their hard-earned savings and wealth.
Yet there are six reasons which make investing in private rental properties a potentially wise investment in these changeable times.
This article looks at how investing in Frome property could help you 'hedge' against inflation and protect your savings and wealth against the possible recession.
The cost-of-living predicament is threatening the budgets of many Frome households.
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Frome Property Market to Crash in 2022?
According to some newspapers and pundits, the property market boom could soon be over with the increasing interest rates and inflation.
In this article, I share the 3 fundamental economic reasons why things are different to the last property market crash.
The insider’s way to find out if there will be a property crash.
...and 4 reasons why buy-to-let landlords are coming back into the Frome rental market to protect their wealth and hedge against inflation.
