Latest Property News
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Frome Homes Sold in the Last 5 Years
In the past five years, 2,158 homes have been sold in Frome, reflecting the dynamic and ever-evolving nature of the local property market. Notably, 2021 and 2022 saw an approximate 30% and 20% respective increase in house sales compared to the long-term 30-year average, indicating a significant surge in activity. However, in 2023, home sales figures were slightly below the norm, though projections for 2024 suggest a modest rise above average long-term levels.
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1,302 Frome Landlords to be Hit by New Eco Rules in 2030
The rental property market is on the brink of a significant shift, one that will undoubtedly cause concern among landlords across the UK. The new Labour government has made clear its intention to raise the minimum energy performance standards for rental properties, a move that could have far-reaching implications for both landlords and tenants alike. The proposed change, which would see the minimum Energy Performance Certificate (EPC) rating for rental properties increase from E to C by 2030, has sparked a mix of anxiety and uncertainty within the property sector.
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Exploring Frome's 3 Person Households: A Demographic Insight
This month's ONS Heat map provides an intriguing look at the distribution of three-person households across Frome.
The darker shades of blue on the map indicate areas with a higher percentage of three-person households, while the lighter shades towards green show areas with a lower percentage.
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Frome Property Market 2024: A Strategic Guide for Buyers and Sellers
Are you a Frome homeowner? Are you thinking of moving home in the next six to twelve months? Whether you're aiming to buy your dream Frome home or sell a beloved property, grasping the current market dynamics is crucial.
You might be a Frome buy-to-let landlord, possibly looking at selling or buying another property to add to your portfolio?
Also, you could be a Frome first-time buyer and wondering if this is a good time to buy or not?
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Comprehensive Analysis of European Mortgage Lending: 2019-2023
In recent years, the European residential mortgage market has experienced significant fluctuations, reflecting broader economic trends and local housing dynamics. By examining both the total mortgage lending and the average lending per capita from 2019 to 2023, we gain a deeper understanding of the property market's impact on individual citizens and the overall economy of each country.
