Properties in Frome

The Frome property market experienced a remarkable rebound once the lockdown measures were eased

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.

Continue Reading
Understanding these trends can provide valuable insights for making informed decisions in the current property landscape

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.

Continue Reading
Frome landlords face costly upgrades under new energy regulations

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.

The new regulations are part of Labour's broader commitment to combat climate change and enhance energy efficiency across the nation's housing stock. Yet this step isn't the first foray by a government into improving the energy efficiency of the U.K.'s private rental homes.

Continue Reading
Rivendell Estates shares a Comprehensive Analysis of European Mortgage Lending from 2019 to 2023 (image via SWNS)

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.

Continue Reading
. This year's speech, delivered by King Charles, is the first from a Labour government since 2010 following the recent general election.

The King's Speech at the State Opening of Parliament sets the agenda for the government's priorities. This year's speech, delivered by King Charles, is the first from a Labour government since 2010 following the recent general election.

With 30+ bills highlighted, there are significant plans, though nothing particularly groundbreaking or seismic for Frome homeowners or landlords.

Continue Reading
This visualisation helps prospective Frome buyers understand where more affordable homes are located.

Our latest heat map provides a detailed view of Frome's property market, illustrating the percentage of homes valued below the national average price of £281,000 in the different neighbourhoods and areas of the town and surrounding area.

This visualisation not only helps prospective Frome buyers understand where more affordable homes are located but also provides sellers with insights into current market conditions in their locality. 

Continue Reading
Monitoring how long it takes to sell a property can help gauge the market's performance

The length of time it takes to sell a property is a crucial indicator of the health of the property market. This metric can provide insight into supply and demand dynamics, the efficiency of estate agencies, and overall market confidence.

For Frome homeowners and investors alike, understanding these trends can inform better decision-making. When properties sell quickly, it often reflects a strong market with high demand, whereas longer sale times might suggest a surplus of properties or decreased buyer interest.

Continue Reading

Sign-Up for our FREE Newsletter

We want to provide frome with more and more clickbait-free local news.
To do that, we need a loyal newsletter following.
Help us survive and sign up to our FREE weekly newsletter.

Already subscribed? Thank you. Just press X or click here.
We won't pass your details on to anyone else.
By clicking the Subscribe button you agree to our Privacy Policy.