We’ve all seen the headlines: inflation at its highest point in almost 30 years; interest rates are rising, and the energy cap is about to lift. Everyone’s on tenterhooks to see what it will mean for their bank balance, and of course, landlords and tenants are going to be affected.
The average time to find a buyer for a Fife property reduced from 55 days in 2020 to 28 days in 2021.
Yet still, just under 1 in 4 Fife homeowners are on the market after 12 weeks.
Why are so many Fife homes still on the market after all that time, and what does it mean for the Fife property market?
You would have needed to have been living in a cave since the end of Lockdown No.1, not to realise the property market has been on fire in Fife (and the UK as a whole) for the last 18/20 months.
Have you ever known the costs of utility bills to be such a massive conversation?
As well as being a hot topic at home and at work, the news is full of stories about soaring energy prices, future supply questions and the environmental impact of gas, coal and oil. With fossil fuels all finite resources, the Government is also on the case with a target for the UK to be carbon neutral by 2050.
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 Show written and produced this week are:
FP TV (EP 83) LETTING AGENT DIARY: Behind the Scenes of a Typical Working Week
To describe this job in a single phrase, it would have to be ‘never a dull moment’. Aside from opening the office, making a coffee and checking new messages, no two days are ever the same.
Meeting new people and being out in the neighbourhood are two of our favourite things, but the icing on the cake is handing over the keys on moving day. It’s such a moment of joy for everyone – the landlord, the tenants, us – as a whole new chapter begins.
To describe this job in a single phrase, it would have to be ‘never a dull moment’. Aside from opening the office, making a coffee and checking new messages, no two days are ever the same.
The UK is currently experiencing its highest inflation rate since the early 1990s. This increase in prices has primally come about by the combination of an increase in demand for goods and services from consumers following lockdown last year together with global supply chain disruptions.
The energy bills of every Fife resident will rise in April as the price cap increases to account for the global increase in the cost of gas. Those not on the gas mains will still be hit as the UK uses gas to make 45% of its electricity.