Latest Property News
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UK Regional Property Market Update: Homes Sold in 2024
The UK property market in 2024 has seen fascinating regional variations in the number of homes sold. With over 1 million homes sold across the country, understanding these differences offers valuable insights into market activity.
The broader picture of the UK’s different regions shows a diverse and dynamic market.
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% of homes that are Semi-Detached
With 27.4% of homes in Frome being semi-detached, this property type has long been a staple of most British towns and cities. Across the UK, the proportion of semi-detached properties varies significantly by region:
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New Home Prices 2024 by Region
The UK property market continues to showcase the significant role new homes play, contributing to nearly one in every five house sales annually.
In 2024, the average price paid for a new home across the UK was £505,978, reflecting a strong demand for modern, energy-efficient properties.
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£ per square foot December 2024
Welcome back to news of Frome's property market, where each week I bring you different local property market stats and trends. This week I am back again with the December's £/sq.ft statistics.
The average property presently in Frome is on the market for £348 per square foot, a figure representing the current heartbeat of Frome's property market.
Last month it was £358 per square foot.
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The 2024 Frome Property Market:
An analysis of last year’s property market and what will happen in 2025?
As an experienced estate and letting agent based in Frome, I like to monitor the UK and Frome property market trends.
Therefore, I will start by analysing the 2024 property market (both nationally and locally) and then give my predictions for 2025.
In 2024, the UK property market recorded 1,230,136 homes sold subject to contract (stc). This figure represents a significant increase compared to 2023, where only 1,066,212 properties were sold stc.
