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 188: A LANDLORD’S BEST FRIEND: How to find the perfect letting agent or property manager
A brilliant letting agent or property manager can have a profoundly positive impact on your life as a landlord, from enjoyment to profit to spare time, but how do you find the perfect one? Maybe you’d check the neighbourhood for Let By boards, scour the portals for agents with rental homes in area, or run a Google search for local firms.
(Watch/read/listen) https://www.fifeproperties.co.uk/blog/a-landlords-best-friend-how-to-find-the-perfect-letting-agent-or-property-manager
ZOOPLA UK Rental Market Report – March 2024
Executive summary
- UK rental inflation slows to +7.8%, a 2-year low
- Rental demand down 20% year-on-year as one-off pandemic factors ease and the labour market
cools
- A fifth more homes available for rent than a year ago but current supply still below pre-pandemic
average
- Rental inflation slows rapidly in London to 5.3% as supply/demand imbalance narrows and
affordability pressures hit pace of rent rises
- Scotland remains area with fastest annual rental growth at 11.6%
- Over half of private rented homes are in £1,000+ per month markets
- Rental affordability at decade high and unlikely to improve quickly
- Expansion in rental supply is the main route to better affordability
(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-rental-market-report-march-2024/
Zoopla UK House Price Index – MARCH 2024
Executive summary
- Annual house price inflation slows to -0.3%, up from -1.4% in Oct 23
- Market activity improves across all key measures led by sales, which are 9% higher than a
year ago
- More sellers coming to market and stock of homes for sale up 20%
- House price inflation higher than Q3 2023 across all areas but still negative in southern
England
- The percentage of the asking price achieved has narrowed from 95.5% in November 2023 to
96.1% in March 2024
- Sellers accepting a median average discount to the asking price of £10,000, down from
£14,250 in Nov 2023
- 2024 is set to be a year of better sales volumes and flat house prices
(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-march-2024/
EP 116: THE WEALTH CREATION SHOW: The Importance of Discipline
Discipline can be defined as the practice of training individuals to follow rules, adhere to a code of conduct, or maintain a particular standard of behaviour.
It involves self-control, obedience, and the ability to regulate your actions in accordance with principles, values, or external expectations.
So how does discipline contribute to your personal growth and success?
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.
(Watch/Listen) https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-the-importance-of-discipline/
If you’ve missed the previous shows you can catch up on our channel: https://www.youtube.com/@WealthCreationShow
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 2024.
*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.
