Latest Property News
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Average Change in House Prices in the last 10 years
UK house prices have risen by 65.4% since 2014, yet the reality is that growth in property prices in the UK and indeed Frome has differed from city to city, town to town.
Looking closer to home, Frome has also experienced a varied rise in house prices, much like the wider UK property market, again rising at differing rates in the different neighbourhoods, depending on the specific area. As shown in the map, darker redder areas represent those with higher average house price growth, while lighter yellow colours indicate more modest increases.
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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.
