Latest Property News
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Frome Landlords: What’s Happening with Rents Across the UK?
The British rental market has seen some interesting shifts over the past year, with some regions experiencing rapid growth in rents, while others have levelled off or even dipped. For landlords in Frome, understanding these trends isn’t just about keeping an eye on the regional picture—it’s about recognising where our market fits into the wider landscape.
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£ per square foot February 2025
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 February's £/sq.ft statistics.
The average property presently in Frome is on the market for £352 per square foot, a figure representing the current heartbeat of Frome's property market.
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Understanding Frome's Mid 20th Century Homes
This map highlights the percentage of homes in Frome built between 1936 and 1970. The darker shades indicate a higher proportion of homes from this era and lighter shades showing areas with fewer properties built during this time.
Homes constructed in this period tend to be well built and practical, often featuring spacious layouts and generous gardens compared to more modern developments. While they may not always boast the architectural charm of Georgian period homes or the size of Victorian homes, they are undeniably solidly constructed, offering excellent long-term value.
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Strong Start to 2025 for UK House Sales – But Realistic Pricing is Still Key
January kicked off with a strong performance in most parts of the UK housing market, with the number of homes sold subject to contract rising in every region except Northern Ireland.
However, while demand is strong, sellers must remain realistic—only 53% of homes listed in 2024 resulted in a completed sale, meaning 47% of sellers took their property off the market without finding a buyer.
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How will the interest rate cut affect the Frome property Market?
The Bank of England has reduced interest rates to 4.5%, marking its third cut in under a year. This decision follows a previous reduction in November 2024, with the rate remaining unchanged in December. While most of the Bank’s nine policymakers supported the move to 4.5%, a minority favoured a more aggressive cut to 4.25%, highlighting the ongoing uncertainty surrounding the UK economy.
