Latest Property News
- Details
- Hits: 470
Regional Update on the Property Market : 2025 vs 2023
In May 2025, 121,665 homes were sold subject to contract across the UK. That’s 6.3% more than May 2024, and a massive 23.4% jump compared to May 2023 when only 98,609 homes sold.
Zooming in by region, the market uplift is visible everywhere. Here are the regions listed in order of the highest to lowest increase in the number of homes sold (subject to contract) in May 2025 compared to May 2023:
- Details
- Hits: 544
How Many £1 Million Homes Actually Sell?
It surprises many people just how few £1 million homes actually sell. Just because a property carries a seven-figure price tag, it does not guarantee a successful move.
Nationally, across all property price bands, around 54 percent of homes sell and complete. Yet for homes priced over £1 million, the picture changes sharply.
Over the last two years, the highest success rate has been in Scotland, where 58.4 percent of £1 million homes successfully sold. This is partly due to the different legal system in Scotland, where transactions tend to be more certain once agreed.
- Details
- Hits: 504
% of Houses Built After 1970
Frome's property market tells a fascinating story when you break it down by the age of housing stock. The map shows the percentage of homes built after 1970, giving real insight into the town’s development patterns over the past fifty years.
The grey areas represent neighbourhoods where no new homes have been built since 1970, often comprising older, more established properties with period charm and character. In contrast, the lighter yellow and orange shades highlight parts of Frome where some new housing has emerged, but growth has been more modest.
- Details
- Hits: 577
Somerton and Frome’s £23 Million a Year ‘Rentirement’ Time Bomb
The Hidden Crisis Facing the Area’s 50- and 60-Something Renters
You’ve heard of retirement.
But what about ‘rentirement’?
It’s not a typo.
It's a ticking time bomb.
- Details
- Hits: 668
Asking Price vs Sale Price - What Frome Sellers Need to Know
Setting the asking price is one of the most important decisions you make when selling a home.
This data reveals the average difference between the original asking price and the final sale price achieved over the past two years for UK house sales. It highlights a clear trend across the UK where most homes sell for less than their initial asking price. Yet averages only tell part of the story.
