Latest Property News
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82 Days to Sell a Property in Frome
Whether you are a Frome landlord looking to liquidate your buy-to-let investment or a Frome homeowner looking to sell your home, finding a buyer and then getting the legal work done can take a frustratingly long time.
It is a step-by-step process that can take many months.
One of the worst parts of house selling is not knowing how long you might be stuck at each step. Independent research shows that, in the last 12 months, every estate agent in the UK has taken on average, 67 days from the property coming on the market to be sold subject to contract (STC) and then 113 days to get to completion. That's nearly 26 weeks from the board going up.
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How has the Spring Budget affected Frome Homeowners and Landlords?
The Spring Budget 2024 this afternoon has introduced some changes that could significantly influence your Frome property strategies and investment outcomes.
Here’s a comprehensive mini update:
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Frome's Restless Homeowners:
The 5 Year 31 Week Itch in the Frome Housing Market
There are 28.4m households in Britain, of which 17,693,200 are owned, worth a total of £5,127,807,837,600 (£5.1 trillion). When you add all the private rented homes and council houses, that figure reaches just over £8.5 trillion!
Over the last six years, 76,669 UK properties have sold each month, meaning the average British homeowner moves every 16 years and 7 months.
This data disproves a standard theory that British neighbourhoods are becoming more fleeting and transitory. On the face of it, they show that once you have bought a property you can call home, there isn’t much motivation to move again.
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The 5 Step Process to Decluttering Your Frome Home to Sell
This is our five-step decluttering guide to greatly aid Frome homeowners in both enhancing their living space and boosting their property's appeal to potential buyers.
Here’s our structured plan that progresses from simple to more challenging tasks:
Step 1: Start with Surface Clutter
Begin by tackling the visible clutter on surfaces such as tables, kitchen worksurfaces, and shelves. This initial step creates immediate visual improvement and sets a positive momentum. Remove any items that don't serve a functional or aesthetic purpose in the room. Consider implementing storage solutions like decorative baskets or trays to neatly organise everyday items. This phase not only simplifies your space but also makes it more inviting to potential buyers of your Frome home, showcasing the property's true potential without distractions.
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UK Property Market Soars Above 2023!
The 2024 UK property market has demonstrated remarkable resilience and growth, outpacing the sales figures achieved in the first two months of 2023, compared to the same two months in 2024. It's an interesting time for British homeowners and prospective sellers as we observe an upward trajectory across the board.
Leading the surge, London boasts a staggering 19% increase, making it the beacon of the property market's strength. The South East and East Midlands closely follows with an impressive 15.8% upswing each.
East Anglia and the South West are neck and neck, both celebrating a 12.9% rise. The North East at 12.4% with the West Midlands and Yorkshire & Humberside regions not far behind, with a solid 12.2% increase in property sales.
