“An apartment is over £100 grand and a flat under £100k”, said my friend.
Joking aside, there is no difference, call it what you will, the humble apartment/flat has served Fife well over the years.
The average sale price of an apartment in Fife in 2021 was £137,940, making it an excellent first-time buyer purchase and buy-to-let investment.
In this article, I want to look at the apartment/flat in Fife and how it could solve the county’s housing crisis.
The word ‘Apartment’ derives from the French word ‘Appartement’, which comes from the Italian form of the word, ‘Appartamento’. The core of that Italian word ‘appartare’ means ‘to separate’, as in ‘separate a building’.
Fife’s ‘Generation Stuck’ and Their £5,433m Tied-up Equity
Many of Fife’s mature homeowners are stuck in their oversized homes. Their children flew the nest years ago, yet they are unable to find suitable Fife properties to move to. Fife’s ‘Generation Stuck’ are holding back those younger Fife ‘Generation Renters’ move into the larger homes they need. What is the answer to this problem?
The cost of living is rising rapidly. There is not much you can do to beat the squeeze, but it’s worth checking that you are getting as much coming in as you can and identify opportunities to increase your income and cashflow.