Of all the reasons for moving home, downsizing can be the most overwhelming. It doesn’t matter if your home has become unmanageable or even if you know that moving to a smaller space will improve your life: just thinking about it can be incredibly daunting.
A lot comes down to the fear of leaving memories behind and giving away treasured possessions that have been part of your life for a long time. If you’ve lived somewhere for decades, raised a family there or have wonderful neighbours, saying goodbye might feel like a wrench.
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 130) THE LANDLORD LINGO BUSTER PART ONE: Effective management to keep everything running smoothly, legally and profitably.
Your tenants have moved in, you’ve protected their deposit, and the first month’s rent is in the bank. So what comes next?
Following on from Part One of our Landlord Lingo Buster, Part Two is all about effective management to keep everything running smoothly, legally and profitably.
50% of Fife house sellers in 2022 had only been in their old home on average 4 years and 12 weeks
How often do Fife people move home? Well, it’s a lot less than the 1980’s! Yet, new research shows there is now a two-speed Fife property market, with the younger generation moving only after a few years, and the older generation in Fife staying in their homes for decades.
In this article, I discuss the implications behind this and how both Fife homebuyers and house sellers can adopt and adapt to this. Click here to read the article:
Watch out for the Wealth Creation Show on Monday @ 12.30pm live on these channels:
EP59 THE WEALTH CREATION SHOW: Is Buy to Let Really Worth it?
“Is this this the beginning of the end for Buy to Let Investors? It seems like the UK and Scottish Governments are determined to get rid of Private Landlords by implementing some of the most draconian legislation in history. Therefore, the question on everyone’s lips is: “Is it really worth investing in Buy to Let?”
Luckily, you don’t need to head back to school to understand this as Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to take you through where we are today and clearly demonstrate if Buy to Let Property Investment is still a viable option for long-term wealth. We’ll be covering mortgage rates, inflation, ADS, yields, stress testing, occupancy rates, capital appreciation and the state of the UK economy and how that impacts on Buy to Let today. As ever, this is based on Jim’s personal experience and wisdom that took him from homeless and unemployed in his early 20’s to financial freedom at 38 years old.
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.
Average house prices in Scotland increased by 5.7% in the 12 months to December2022, increasing slower than average UK house prices (9.8%) and down from 6.2% in the 12 months to November 2022.
On a non-seasonally adjusted basis, average house prices in Scotland decreased by2.9% between November and December 2022, compared with a decrease of 2.5%during the same period 12 months ago. On a seasonally adjusted basis, average house prices in Scotland decreased by 1.4% between November and December2022.
Comparing the October 2021 with the provisional volume estimate for October 2022, the volume of transactions decreased by 12.5% in Scotland and increased by 77.3% in the UK.
In Scotland, detached houses showed the largest annual percentage change out of all property types, increasing by 8.8% in the 12 months to December 2022 to £343,000. Flats and maisonettes showed the lowest annual percentage change, which increased by 2.4% in the year to December 2022 to an average price of £126,000.
The highest annual percentage change was in Midlothian, where average house prices increased by 12.5% in the 12 months to December 2022 to £243,000. The lowest annual percentage change was in City of Aberdeen, where average house prices decreased by 4.0% in the 12 months to December 2022 to £139,000.
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.
“Is this this the beginning of the end for Buy to Let Investors? It seems like the UK and Scottish Governments are determined to get rid of Private Landlords by implementing some of the most draconian legislation in history. Therefore, the question on everyone’s lips is: “Is it really worth investing in Buy to Let?”
Luckily, you don’t need to head back to school to understand this as Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to take you through where we are today and clearly demonstrate if Buy to Let Property Investment is still a viable option for long-term wealth. We’ll be covering mortgage rates, inflation, ADS, yields, stress testing, occupancy rates, capital appreciation and the state of the UK economy and how that impacts on Buy to Let today. As ever, this is based on Jim’s personal experience and wisdom that took him from homeless and unemployed in his early 20’s to financial freedom at 38 years old.
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.
The share of Brits moving each year has been declining since the late 1980s (when at one stage, people moved every eight years), yet since the pandemic’s beginning, something has appeared to upset that trend.
Newspaper stories and social media posts painted a picture of homeowners moving from the city centres to its suburbs, from the suburbs to the towns and countryside around the UK. Areas like the Cotswolds and coastal towns around the country got swamped by the ‘race for space’, significantly affecting housing markets (including Fife).
But how many Brits moved? And how long had they been in their homes before they moved?
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 129) SHOW YOUR HOME’S HEART: Instantly unlock the hidden extra value by shining a light on all the existing features
Not every home sells for its full potential value, and that’s often because the finest features are either hidden or under-presented. But you can add many thousands to your sale price simply by showing off what’s already there.
Jim Parker and guests provide inspirational hints and tips.
Is Buy-to-Let still a safe bet when it comes to investing in Fife property?
With legislation and taxation on the rise for Buy-to-Let, things have got a lot harder for Fife landlords over the last 5 years.
Or could this be the next golden age for the Fife property market? If you are a Fife landlord join Jim Parker and Ricard Cook as they discuss this topic in full.
Watch out for the Wealth Creation Show on Monday @ 12.30pm live on these channels:
EP58 THE WEALTH CREATION SHOW: Diary of a Property Investor Part 13
How I lost my first million and the lessons learned. You don’t often get to know how someone failed but when you do you can often learn more from this than their success.
In this episode Jim Parker and Richard Cook are going to talk about the steps that led to Jim losing a million and the lessons learned.
This is the warts and all, laid bare story of Jim’s journey retiring at 38 years old financially free and almost losing it all. We’ll be covering several issues on mental health, depression, addictive personality and suicide which for many might be disturbing and upsetting. If you need help in any way, please free phone The Samaritans on 116 123 or visit https://www.samaritans.org/?nation=scotland
Jim says, “It’s amazing that you’re judged a success by what people see, when they have no idea what is happening deep down within that person. If the next chapter in my story helps one person, it will have all been worth it”.
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 lost my first million and the lessons learned. You don’t often get to know how someone failed but when you do you can often learn more from this than their success.
In this episode Jim Parker and Richard Cook are going to talk about the steps that led to Jim losing a million and the lessons learned.
This is the warts and all, laid bare story of Jim’s journey retiring at 38 years old financially free and almost losing it all. We’ll be covering several issues on mental health, depression, addictive personality and suicide which for many might be disturbing and upsetting. If you need help in any way, please free phone The Samaritans on 116 123 or visit https://www.samaritans.org/?nation=scotland
Jim says, “It’s amazing that you’re judged a success by what people see when they have no idea what is happening deep down within that person. If the next chapter in my story helps one person, it will have all been worth it”.
If you’ve missed the previous shows you can catch up on our play list:
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.
Over the last five years, life has become a little trickier for Fife landlords, with changes to their taxation status, mortgage interest relief and an additional 6% land and buildings transaction tax for a buy-to-let property and has made lots of Fife landlords ask themselves:
Not every home sells for its full potential value, and that’s often because the finest features are either hidden or under-presented. But you can add many thousands to your sale price simply by showing off what’s already there.
Even though furniture and styling play their part, buyers are ultimately paying for the fabric of your home, and that’s how estate agents, mortgage lenders and surveyors will appraise the value of your property.
So, it makes sound financial sense to make the most of what you’ve got by highlighting all the existing character and space. When you get it right, it’s a surefire way to wow your buyers, from stunning photography online to a fantastic viewing experience. And in this week’s blog, we’ll show you how.
