Latest Property News
- Details
- Hits: 482
Average £ per square foot per month for rentals
Frome's rental market presents fascinating insights for both tenants and landlords, particularly when focusing on the average rental price per square foot. This metric, seldom talked about, offers a valuable perspective on how different areas of Frome command varying rental values. For tenants, understanding the price per square foot is essential for making informed decisions on where to rent, particularly when balancing location, size, and budget. For Frome landlords, this information is vital for setting competitive rental prices, ensuring your Frome property is priced in line with market expectations and optimising yield.
- Details
- Hits: 359
House Price Rises in the Last 50 Years
The graphic illustrates the staggering percentage increases in house prices across various regions of the UK over the last 50 years. The data, sourced from Land Registry, Denton House Research and Nationwide, sheds light on how each part of the UK has seen unprecedented growth. Here’s a breakdown, listed in order of the size of growth:
- Details
- Hits: 498
Renters’ Rights Act Update: What Frome Landlords Need to Know
On Wednesday, Parliament had the first reading of the Renters’ Rights Act, and I want to take a moment to reassure landlords that there’s really nothing groundbreaking in these proposals that should catch you off guard. In fact, most of the changes were part of the Conservative Party’s agenda before they lost power in July. Regardless of which political party is in charge, these reforms were set to come into play, so there’s no need to worry that anything revolutionary is happening.
Let’s break down what’s involved and how it might affect you as a Frome landlord.
- Details
- Hits: 425
Frome Property Market: Navigating the Rollercoaster of the Last Six Years
The Frome property market has experienced a rollercoaster ride since 2019, reflecting the unprecedented challenges and opportunities that have shaped the landscape of home buying and selling in the area. The accompanying graph vividly illustrates these dramatic fluctuations, comparing Frome's monthly house sales, expressed as a percentage of the six-year (2019 to 2024) average in blue. Also on the graph in orange is the Bank of England's base rate between 2019 to 2024.
By examining this six-year time frame, we can better understand the resilience of the local market and the influence of economic factors, particularly interest rates, on property transactions.
- Details
- Hits: 386
Analysis of Trends in UK Property Ownership (1918-2023)
The UK property market has seen significant changes over the last century, with distinct trends emerging in the areas of owner-occupied properties, social renting, and private renting.
In 1918, the UK property landscape was dominated by private renters, who made up 75% of all households. At the time, only 25% of the population owned their own homes. Over the next few decades, home ownership gradually increased, reaching about 38% by 1958. This shift was accompanied by a decrease in private renting, which fell to 41% during the same period.
