Latest Property News
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Frome October ’24 Property Market:
A Comprehensive Overview for Buyers and Sellers
Are you a homeowner in Frome? Perhaps you’re planning to move/sell/buy within the next six to twelve months, or maybe you're on the lookout for your next dream home and have no timescales. Whether you're buying or selling, having a clear understanding of the current state of the property market in Frome is vital to make informed choices.
You might be an investor in the Frome buy-to-let sector, contemplating selling or expanding your portfolio. Or perhaps you’re a Frome first-time buyer wondering if now is the right time to jump on to the market. Regardless of your situation, knowing whether the property market in Frome favours buyers or sellers can significantly influence your strategy.
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Average House Prices in the Regions
As an estate agent in Frome, we are pleased to present a detailed infographic illustrating the average house prices across the various UK regions. This valuable insight into the property market ensures that both buyers and sellers are well-informed about the current trends affecting their decisions.
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UK Housing Affordability
The housing affordability data across the UK provides an insightful snapshot of how long it would take to buy a home in different regions based on average salaries:
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1 in 8.3 Frome Home Sellers Lower Their Asking Price Every Month
As the property landscape in Frome continues to evolve, many homeowners who have been on the market for a while find themselves navigating the complex decision of when and how much to reduce their asking prices to attract buyers.
With an increasing number of properties on the market in the Frome area, rising from 277 in August 2022 to 445 in August 2024, the competition is becoming fiercer, making strategic price adjustments more crucial than ever.
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Frome Property Market Review: The October 2024 Update
Frome homeowner or landlord? Curious about the trends in the Frome property market? One measure is the average price paid for homes bought and sold in Frome in the last 12 months, on a rolling month by month basis.
Each month we like to share this figure, and whilst this figure alone will not tell you much, its trend will. Our followers on social media know we write regular articles on the Frome property market. It is in those articles we expand and clarify what these monthly figures mean to you.
