How do you feel about the property market right now?
It’s peak prediction season in the press, with daily claims from experts that house prices are about to fall off a cliff, stagnate or even slowly rise. We know that most of these predictions will be wrong, but which ones?
Whilst we are around 12 months away from receiving the results of the Scottish 2022 Census, south of the border – as their census was in 2021 – the results are starting to come out.
One interesting statistic is the growth of number of spare bedrooms and spare ‘spare’ bedrooms between the 2011 and 2021 Census.
I therefore wanted to apply that average south of the border growth in those types of bedrooms to the results from 2011 in Fife. Of course, I am making certain assumptions – yet what I am seeing in the local property market, I don’t think they are too far off the mark.
Continue reading Fife Baby Boomers and their 22,088 Spare ‘Spare’ Bedrooms (Watch/Read/Listen)
PODCAST: https://anchor.fm/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–15TH–21ST-JAN-2023-e1troq3
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:
EP 126 HOW TO BECOME A LANDLORD: Our Top Tips to Build a Portfolio of Five or More Buy to Lets
2022 saw the highest proportion of property sales to investors since 2016, with landlords accounting for 12.2% of the sales that year and 19% of the overall UK housing stock. Surprised? Well, it’s not so unbelievable when you look at what’s happening.
Lettings Director Richard Cook along with one of the UK’s most successful Property Investors, Jim Parker (who will more than likely share some of his secrets)
(Watch/read/listen) https://www.fifeproperties.co.uk/blog/how-to-become-a-landlord-our-top-tips-to-build-a-portfolio-of-five-or-more-buy-to-lets/
SCOTTISH & FIFE House Price Statistics Nov 2022
Jim Parker provided an update on the latest released statistics for the housing market for Nov 2022 plus a few predictions for the coming year.
(Watch/Listen) https://www.fifeproperties.co.uk/blog/scottish-and-fife-house-price-statistics-nov-2022/
Watch out for the Wealth Creation Show on Monday @ 12.30pm live on these channels:
EP55 THE WEALTH CREATION SHOW: Diary of a Property Investor Part 10
How I made my first million and the lessons learned. In this series Jim Parker and Richard Cook are going to take you through the steps by step approach that took Jim from homeless and unemployed in his early 20’s to retiring at 38 years old a millionaire and financially free.
This is the warts and all, laid bare story of Jim’s journey from the beginning. From his struggle with the school system, pivotal moments and key points that led to a change in direction, reprograming his mind for success, how he worked a full-time job while building a property empire as a side hustle and all the lessons learned from buying his first 30 properties including the massive mistakes and monumental victories.
Jim says, “Anyone could have done this, most weren’t prepared to pay the price. If my journey serves as a lesson to help other people get there quicker with less mistakes, it’s been worth telling the story. For some this will literally be a blueprint for success”
https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-diary-of-a-property-investor-part-10/
If you’ve missed the previous shows you can catch up on our play list:
https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9
If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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.
How I made my first million and the lessons learned. In this series Jim Parker and Richard Cook are going to take you through the steps by step approach that took Jim from homeless and unemployed in his early 20’s to retiring at 38 years old a millionaire and financially free.
This is the warts and all, laid bare story of Jim’s journey from the beginning. From his struggle with the school system, pivotal moments and key points that led to a change in direction, reprograming his mind for success, how he worked a full-time job while building a property empire as a side hustle and all the lessons learned from buying his first 30 properties including the massive mistakes and monumental victories.
Jim says, “Anyone could have done this, most weren’t prepared to pay the price. If my journey serves as a lesson to help other people get there quicker with less mistakes, it’s been worth telling the story. For some this will literally be a blueprint for success”
If you’ve missed the previous shows you can catch up on our play list:
https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9
If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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.
PODCAST: https://anchor.fm/fife-properties/episodes/SCOTTISH–FIFE-House-Price-Statistics-Nov-2022-e1tm62j
Average house prices in Scotland increased by 5.5% (Fife 6.2%) in the year to November 2022, increasing slower than average UK house prices (10.3%) and down from 7.9% (Fife 9.3%) in the year to October 2022.
On a non-seasonally adjusted basis, average house prices in Scotland decreased by1.2% between October and November 2022, compared with an increase of 1.1%during the same period last year. On a seasonally adjusted basis, average house prices in Scotland decreased by 0.8% between October and November 2022.
Comparing the provisional volume estimate for September 2021 with the provisional volume estimate for September 2022, the volume of transactions increased by 6.6% in Scotland (Fife 14.8%) and increased by 26.6% in the UK.
In Scotland, detached houses showed the largest annual percentage change out of all property types, increasing by 7.9% in the year to November 2022 to £349,000. Flats and maisonettes showed the lowest annual percentage change, which increased by1.8% in the year to November 2022 to an average price of £129,000.
The highest annual percentage change was in Midlothian, where average house prices increased by 13.2% in the year to November 2022 to £246,000. The lowest annual percentage change was in City of Aberdeen, where average house prices decreased by 4.7% in the year to November 2022 to £140,000.
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. However, the Scottish and Fife Housing Markets are holding up well.
2022 saw the highest proportion of property sales to investors since 2016, with landlords accounting for 12.2% of the sales that year and 19% of the overall UK housing stock. Surprised? Well, it’s not so unbelievable when you look at what’s happening.
PODCAST: https://anchor.fm/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–8TH–14TH-JAN-2023-e1th8td
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:
FP TV (EP 125) INTERIOR MOTIVES: Start your 2023 in style with our guide to the latest home decor trends
What’s hot and what’s not for home decor in 2023? Jim Parker and Andrea Stanford have a chat about what is new in the world of interiors and home decor trends.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/interior-motives-start-your-2023-in-style-with-our-guide-to-the-latest-home-decor-trends/
Continue reading FIFE PROPERTY MARKET UPDATE – 8TH – 14TH JAN 2023 (Watch/Listen)
How I made my first million and the lessons learned. In this series Jim Parker and Richard Cook are going to take you through the steps by step approach that took Jim from homeless and unemployed in his early 20’s to retiring at 38 years old a millionaire and financially free.
This is the warts and all, laid bare story of Jim’s journey from the beginning. From his struggle with the school system, pivotal moments and key points that led to a change in direction, reprograming his mind for success, how he worked a full-time job while building a property empire as a side hustle and all the lessons learned from buying his first 30 properties including the massive mistakes and monumental victories.
Jim says, “Anyone could have done this, most weren’t prepared to pay the price. If my journey serves as a lesson to help other people get there quicker with less mistakes, it’s been worth telling the story. For some this will literally be a blueprint for success”
If you’ve missed the previous shows you can catch up on our play list:
https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9
If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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.
What are your big plans this year? Fitness, wealth, travel, something else? Change is always in the air when January arrives.
We’re entering 2023 on the back of quite a ride. Lockdowns, Brexit, empty shelves, four prime ministers, working from home, strikes, inflation, and geopolitical turmoil – it’s all been very real.
With so much external upheaval, it’s no wonder that interior design is seeking to satisfy a desire to feel more in control, something we can all achieve at home with a strong sense of personal style.
Why Houseplants Make Your Home a Little Better
It’s Houseplant Week across the UK from January 9th to the 15th.
So, what better time to celebrate bringing a bit of the great outdoors indoors?
Houseplants add colour and a sense of calm to any home. Continue reading Why Houseplants Make Your Home a Little Better (30 secs read)
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