Latest Property News
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UK Households 1996 to 2023
The composition of UK households has evolved significantly between 1996 and 2023, with some subtle yet meaningful proportional shifts that reflect changing demographics and societal trends.
For couples with children, their share of total households has dropped from 31.1% in 1996 to 27.9% in 2023, a proportional decrease of approximately 10.3%. This reflects lifestyle changes, including delayed parenthood and smaller family sizes.
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Homes Built in the UK 1949 - 2022 by Tenure
The story of UK housing completions over the last 70 years is a tale of shifting responsibilities and changing priorities. As this chart shows, local authorities played a leading role in building new homes during the 1950s and 1960s, particularly in the form of council houses.
However, from the late 1970s onwards, this role diminished significantly, largely due to policy changes and funding cuts. In their place, housing associations emerged, attempting to fill the gap in social housing, but even they rely heavily on government funding to meet their goals.
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Frome Property Market Review: The November 2024 Update
Frome homeowner or landlord? Curious about the trends in Frome's property market? One measure is the average price paid for homes bought and sold in Frome in the last 12 months, on a rolling month by month basis.
Each month I like to share this figure, and whilst this figure alone will not tell you much, its trend will. My followers on social media know I write regular articles on the Frome property market. It is in those articles I expand and clarify what these monthly figures mean to you.
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% of 2 Bedroom Homes in Frome
Two-bedroom homes remain a popular choice, especially in areas like Frome, where they account for a notable 21% of all properties. Nationally, 27.1% of homes across have two bedrooms, representing a total of 6.71 million properties. The appeal of two-bedroom homes lies in their versatility and affordability. For first-time buyers or small families, they offer the perfect balance of space without the significant cost associated with larger properties.
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Frome Buy-to-Let is Dead: Long Live the Frome Buy-to-Let Landlord
Future legislation and the recent Budget have stirred considerable anxiety among landlords. The Chancellor's decision to increase the additional Stamp Duty Land Tax (SDLT) from 3% to 5% for landlords purchasing additional properties initially suggested a grim outlook for the buy-to-let sector. This move, coupled with the introduction of the Renters' Rights Act, which proposes to abolish Section 21 and effect a landlord database, poses new challenges for Frome landlords but also opens doors to new opportunities. Despite these hurdles, deeper market insights reveal reasons for optimism among property investors.
