Weekly round up on what’s driving the Fife Property market including a look at recent listings, sales and coming soon:
Article, Podcast and TV Shows written and produced this week are:
FPTV EP 166: BUY-TO-LET RATE HIKES: Expert options if you’re a landlord facing higher mortgage costs
If you’re a landlord with a fixed-rate mortgage nearing the end of its initial term, you’ll only be too aware of the coming increase in your monthly repayments.
Back in October 2021 and 2018, two and five-year buy-to-let fixed rates averaged around 3%, but they’re now switching to today’s rates of more than 6% – a substantial jump!
Hints and tips provided by Lettings Director Richard Cook along with one of the UK’s most successful Property Investors, Jim Parker.
RENTAL MARKET DYNAMICS: A National & Regional Overview with a Focus on Fife
From National & Regional Trends to Fife’s Rental Revolution, the Private Rental Sector is characterised by soaring demand and limited supply. Discover Fife’s unique position and learn how savvy Fife landlords and tenants are navigating these challenging times. Are you ready to seize the opportunity?
Jim Parker and Richard Cook dive into the facts and data to help you make sense of the figures.
Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:
EP 95: The Wealth Creation Show: Slow Down to Speed Up!
In life, business, and leadership, moving too fast can cause your work to suffer and your sense of well-being to decrease.
Allow yourself to take a steadier pace in exchange for a greater degree of control and focus over your work and life as a whole.
It’s not a sprint, it’s a marathon!
Are you tackling tasks at breakneck speed?
Are you experiencing high levels of stress?
Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker are on hand to discuss
If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. Please contact us to richard.cook@fifeproperties.co.uk
This is all about accelerating your wealth in 2023.
*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.
In life, business, and leadership, moving too fast can cause your work to suffer and your sense of well-being to decrease.
Allow yourself to take a steadier pace in exchange for a greater degree of control and focus over your work and life as a whole.
It’s not a sprint, it’s a marathon!
Are you tackling tasks at breakneck speed?
Are you experiencing high levels of stress?
Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker are on hand to discuss
If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. Please contact us to richard.cook@fifeproperties.co.uk
This is all about accelerating your wealth in 2023.
*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.
In the realm of British suburban living, the semi-detached house has often been the subject of caricature, a symbol of safe yet uninspiring domesticity, epitomised by hit TV shows and movies like the Dursleys out of Harry Potter, the BBC show Outnumbered, Birds of a Feather and the ever-awkward son of Norwich, Alan Partridge.
If you’re a landlord with a fixed-rate mortgage nearing the end of its initial term, you’ll only be too aware of the coming increase in your monthly repayments.
Back in October 2021 and 2018, two and five-year buy-to-let fixed rates averaged around 3%, but they’re now switching to today’s rates of more than 6% – a substantial jump!
Weekly round up on what’s driving the Fife Property market including a look at recent listings, sales and coming soon:
Article, Podcast and TV Shows written and produced this week are:
FPTV (EP 165) AUTUMN KERB APPEAL: Top seasonal tips for dazzling photos and first impressions
Autumn is the season of magic and mayhem for selling your home. Jim Parker and Richard Cook provide hints and tips so that your homes will make a lasting first impression for all the right reasons.
UK House Price Index Scotland and Fife: August 2023
Jim Parker provides a breakdown of the Scottish House Price Index report for August 2023 and gives his thoughts on how this could impact the Fife property market for buyers and sellers.
Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:
EP 94: The Wealth Creation Show: Finding Your Sense of Purpose in Life
Finding purpose is a process that requires plenty of self-reflection, listening to others, and finding where your passions lie.
Perhaps you are feeling disconnected, discontent and struggling with establishing your true meaning.
Asking yourself why do a need to have a sense of purpose?
Or how do I know when I have found my true purpose?
Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker are on hand to discuss
If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. Please contact us to richard.cook@fifeproperties.co.uk
This is all about accelerating your wealth in 2023.
*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.
Finding purpose is a process that requires plenty of self-reflection, listening to others, and finding where your passions lie.
Perhaps you are feeling disconnected, discontent and struggling with establishing your true meaning.
Asking yourself why do a need to have a sense of purpose?
Or how do I know when I have found my true purpose?
Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker are on hand to discuss
If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. Please contact us to richard.cook@fifeproperties.co.uk
This is all about accelerating your wealth in 2023.
*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.
Average house prices in Scotland increased by 1.1% (provisional estimate) in the 12 months to August 2023. This was up from 0.1% (revised estimate) in the 12 months to July 2023 and was faster than the average UK house price annual inflation of 0.2% (provisional estimate) in the 12 months to August 2023.
On a non-seasonally adjusted basis, average house prices in Scotland increased by 1.2% between July 2023 and August 2023, compared with an increase of 0.2% during the same period 12 months ago. On a seasonally adjusted basis, average house prices in Scotland increased by 0.9% between July 2023 and August 2023.
Comparing the provisional UK HPI volume estimate for June 2022 with the provisional UK HPI volume estimate for June 2023, the volume of transactions increased by 8.7% in Scotland and decreased by 3.2% in the UK.
In Scotland, detached houses showed the highest annual percentage change out of all property types, increasing by 2.6% in the 12 months to August 2023 to £349,000. Terraced houses showed the lowest annual percentage change, which remained little changed (0.0%) in the 12 months to August 2023 to an average price of £164,000.
The highest annual percentage change was in East Lothian, where average house prices increased by 15.4% in the 12 months to August 2023 to £337,000. The lowest annual percentage change was in East Ayrshire, where average house prices decreased by 3.0% in the 12 months to August 2023 to £124,000.
As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month’s set of house price data.
