Day: July 5, 2023

UNLOCKING FIFE’S PROPERTY MARKET POTENTIAL: Unveiling the Saleability Secrets! (Watch/Read/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/Unlocking-Fifes-Property-Market-Potential-Unveiling-the-Saleability-Secrets-e26mgoo

 

As a Fife estate agent, I have witnessed first-hand how the Fife property market operates and the various factors that influence property sales.

 

One intriguing aspect is the difference in saleability across different price ranges.

 

In this article, we will delve into the dynamics of selling properties in relation to their price ranges and explore the factors contributing to varying sale rates.

 

Price Range and Saleability

Fife properties are often categorised into distinct price ranges, such as entry-level, mid-range, and upper-quartile luxury.

 

Each segment attracts different buyers with varying purchasing power, preferences, and investment goals.

 

These factors play a crucial role in determining the saleability of properties within each price range.

 

(more…)

ZOOPLA UK HOUSE PRICE INDEX REPORT – JUNE 2023 (Watch/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/ZOOPLA-UK-HOUSE-PRICE-INDEX-REPORT–JUNE-2023-e26jrdj 

 

Executive summary

  • House price inflation slows to +1.2% as quarterly growth rate turns positive following pick-up in

sales activity over Spring

 

  • Quarterly price falls set to return in H2 as higher mortgage rates hit buying power by up to 20%
  • Jump in proportion of sellers having to accept discounts to asking price of more than 5% in recent

weeks rises to 42%– returning to 2018 levels

 

  • UK house prices still on track to fall by up to 5% over 2023
  • Further downside risk if we see an acceleration in supply of homes for sale that boosts choice and

further room for negotiation

 

  • Anyone serious about selling in 2023 needs to be realistic on pricing
  • Drawn out realignment of house prices and household incomes ahead

 

Jim Parker provides an insight into the latest house price index report.

 

#fifeproperty #inflation #housepricerealignment #supplyanddemand