Latest Property News
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Average Age of Frome Residents
Understanding the average age of residents across Frome and the surrounding areas, is both interesting and crucial for both current residents, landlords plus prospective tenants and homebuyers.
This heat map, compiled using data from the Office for National Statistics and Denton House Property Research, provides a visual representation of the demographic distribution throughout our town and the surrounding areas.
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Exciting News for the Property Market in Frome!
The property market across the UK is booming, and this is fantastic news for Frome homeowners, landlords, and potential buyers. As an estate agency in Frome, we are thrilled to share that the number of homes sold subject to contract (STC) has significantly increased from January to the end of May 2024 compared to the same period in 2023.
Nationally, the number of properties sold STC rose by an impressive 16.6%, from 420,675 in 2023 to 490,787 in 2024. This surge is mirrored across various regions, indicating a robust and thriving property market. Here’s a breakdown of the growth in different regions:
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Good news for Frome landlords and Frome tenants !
The latest data on rent growth since January 2020 highlights significant increases across the UK, providing a promising outlook for landlords, especially those in Frome.
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Frome Buy-to-Let Property Market: A Frome Landlord’s Perspective on Recent Trends
Over the past few years, the UK rental market has experienced significant fluctuations, with rents increasing dramatically during the Covid-19 pandemic. Between 2020 and 2022, demand far exceeded supply, driving rents to unprecedented levels.
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How Does the General Election Affect Frome House Prices?
The recent announcement by the British Prime Minister regarding the next general election set to take place in early July 2024 has inevitably stirred discussions about its potential impact on the Frome property market. Historically, general elections are periods of heightened uncertainty, often leading to speculation about their effects on house prices and transaction levels. However, examining past trends reveals a relatively stable market, with only minor fluctuations in transaction volumes.
