Latest Property News
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6 Reasons Why the Interest Rate Cut Is Good News for the Frome Property Market
The Bank of England has just reduced the base rate by 0.25%.
But what does that really mean for the Frome housing market?
Here are six reasons why this is good news for homeowners and landlords.
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What’s the Average Price Paid for a Flat in the UK?
Flats and apartments make up just over 21% of the UK’s housing stock and while they’re typically more affordable than houses, the price differences across the country are quite stark. Over the last 12 months, average flat prices and volumes of sales have shown significant variation depending on region.
Here’s what the data reveals:
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Private Rents in the South West Have Risen by 53% Since 2016 – But What Does That Really Mean?
Since 2016, private rents in the South West have increased by 53%, according to data from TwentyEA and Denton House Research. This figure may come as a surprise to some and no doubt will stir mixed feelings—especially among tenants who’ve seen their monthly outgoings steadily climb.
Yet there’s another side to the story.
Landlords have faced rising costs of their own—maintenance, compliance, mortgage interest, and more. Rent isn’t just a charge; it’s the return on an investment, and that investment helps maintain the quality and availability of homes in our local rental market.
What’s interesting is that this rental growth in the South West sits within a wider national trend. Across the UK, average rents have risen by 33.1% since 2016. At the same time, average wages have gone from £28,195 to £37,430—a rise of 32.75%. When looked at side by side, rent growth has closely mirrored wage growth, showing the market is, in many ways, driven by tenant affordability.
Some regions—like Inner London (23.8%) and Outer London (20.5%)—have seen below-inflation rent growth. Others, like the South West (53.0%) and Scotland (47.4%), have seen more significant increases, likely reflecting a longer-term catch-up.
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£ per square foot April 2025
Welcome back to news of Frome's property market, where each week we bring you different local property market stats and trends. This week I am back again with the April’s £/sq.ft statistics.
The average property presently in Frome is on the market for £363 per square foot, a figure representing the current heartbeat of Frome's property market.
Last month it was £353 per square foot.
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15.7% of Frome Homeowners Sell per Month
In today’s Frome housing market, property market data isn't just helpful – it's essential. For Frome homeowners and landlords looking to buy or sell a home, understanding the latest Frome property trends, buyer behaviour, or house pricing movements is the difference between making a confident move and flying blind.
