Frome property prices: Lack of jobs and homes making town a ‘dormitory for retired and wealthy’ – Somerset Live

A councillor has warned that a lack of affordable homes and job opportunities is turning Frome, Somerset into a “gentrified dormitory town”. Prices in the area rose by 14.5% last year, at a time when 450 people sit on the town’s waiting list. The town’s mayor has highlighted the town’s need for social and affordable housing.

Key Takeaways:

  • A Green councillor has warned a Somerset town could become rammed with cars used by wealthy commuters or retired people.
  • He says a lack of affordable new homes and job opportunities are turning Frome into a “gentrified dormitory town”.
  • Property prices rose by 14.5 per cent in Frome last year, the third highest price increase in the county

“A Green councillor has warned a Somerset town could become rammed with cars used by wealthy commuters or retired people.”

http://www.somersetlive.co.uk/frome-property-prices-lack-of-jobs-and-homes-making-town-a-dormitory-for-retired-and-wealthy/story-30096808-detail/story.html

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