Latest Property News
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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.
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Frome Starter Homes 34.6% Cheaper Today Than 35 Years Ago
It might surprise many that, despite significant inflation over the past few years, buying a house today is still more affordable as a percentage of take-home pay.
The average value of a typical Frome first-time buyer property has surged by 318.1% since 1989 (35 years ago), reaching £309,600 in 2024. So, the title of this article sounds wrong.
Yet the headline price one pays for your home is almost irrelevant. Indeed, it is what it costs each month out of one's salary. You see, despite this increase in house prices, the monthly mortgage payments that first-time buyers in Frome need to make today are significantly lower as a proportion of their take-home pay compared to 1989.
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Mapping Frome: Areas with Homes Below the National Average House Price of £281,000
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.
As estate agents in Frome, we believe this tool will aid in making informed decisions in this dynamic property market.
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Key Points from the King's Speech 2024 for Frome Homeowners and Landlords
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.
