Buyer’s Market Archives - Fife Properties
Fife Properties

Tag: Buyer’s Market

FIFE PROPERTY MARKET UPDATE – 26th Nov  –  2nd  Dec 2023 (Watch/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–26th-Nov—-2nd-Dec-2023-e2coa0e

 

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 171) GOING NOWHERE: Is your asking price or estate agent holding up your sale?

If your home has been on the market for a while, something probably needs to change to get your move underway.

Jim Parker and Perrie McIntosh discuss whether this is due to the current property market or whether it is something else that could be preventing your sale.

(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/going-nowhere-is-your-asking-price-or-estate-agent-holding-up-your-sale/

 

 

 

FIFE PROPERTY MARKET: Which homes are selling the best?

 Explore the ever-changing landscape of the Fife property market, where the dynamics of property sales fluctuate across different price ranges.

Are homes in the lower priced market selling faster than those in the upper market in Fife, or is it the other way around?

Dive into our detailed analysis as Jim Parker and Perrie McIntosh uncover the trends shaping Fife’s property scene and find out which segment of the market is truly leading the way.

(Watch/Read/Listen)  https://www.fifeproperties.co.uk/blog/fife-property-market-which-homes-are-selling-the-best/

 

 

 

Zoopla UK House Price Index – NOVEMBER 2023

 Executive summary

 

  • UK house price inflation slows to -1.2%, down from 8.2% a year ago
  • Price falls extend across country, but declines remain modest
  • No acceleration of price falls in markets with highest values
  • Greater realism on pricing supporting new sales volumes which are 15% higher than a year ago and 5% up on 2019 levels
  • Homes for sale touches a 6-year high boosting choice and reenforcing the buyer’s market and downward pressure on prices
  • Sellers accepting 5.5% off the asking price to agree sales, an average discount of £18,000 – the largest gap for over 5 years
  • Discounts to asking prices for agreed sales are 6.1% in London and the South East (£25,000) and 4.8% (or £11,000) for rest of UK

(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-november-2023/

 

 

 

Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:

EP 100: The Wealth Creation Show: The 6 Key Regrets of People on Their Deathbeds!

Many people at the end of their life express regrets of how certain aspects of their lives have played out.

Some people long to have expressed how they truly feel for other people or certain things, or some have regrets from shying away from their true dreams and desires.

This is sometimes due to a lack of confidence or fear but maybe it is simply just they ran out of time!

Do you want to live your best life, make the best of the time you have and have no regrets?

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-6-key-regrets-of-people-on-their-deathbeds/

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 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.

Zoopla UK House Price Index – NOVEMBER 2023 (Watch/Read/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/Zoopla-UK-House-Price-Index–NOVEMBER-2023-e2chksf 

 

Executive summary

 

  • UK house price inflation slows to -1.2%, down from 8.2% a year ago
  • Price falls extend across country, but declines remain modest
  • No acceleration of price falls in markets with highest values
  • Greater realism on pricing supporting new sales volumes which are 15% higher than a year ago and 5% up on 2019 levels
  • Homes for sale touches a 6-year high boosting choice and reenforcing the buyer’s market and downward pressure on prices
  • Sellers accepting 5.5% off the asking price to agree sales, an average discount of £18,000 – the largest gap for over 5 years
  • Discounts to asking prices for agreed sales are 6.1% in London and the South East (£25,000) and 4.8% (or £11,000) for rest of UK

 

 

FIFE PROPERTY MARKET UPDATE – 29th Oct – 4th Nov 2023 (Watch/Read/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–29th-Oct–4th-Nov-2023-e2bh555

 

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 167) IS YOUR HOME PERFORMING? Unlocking the secrets of your Rightmove results report

With more than 9 out of 10 buyers searching for a property online, the way your home appears on websites like Rightmove and Zoopla directly impacts your chances of a sale.

But the portals are more than just pages and pages of property. They gather valuable data that shows how well your home is competing with similar listings, and why it may not be selling.

Jim Parker and Richard Cook provide insight into this data as they discuss this week’s topic

(Watch/Red/Listen) https://www.fifeproperties.co.uk/blog/is-your-home-performing-unlocking-the-secrets-of-your-rightmove-results-report/

 

 

 

Implications of Steady Interest Rates for Fife Homeowners

The Bank of England has held the interest rates at 5.25% for the second consecutive time.

This decision, welcomed by many, especially hints at a semblance of stability for homeowners and prospective buyers in Fife.

The widely anticipated move came on the heels of September’s inflation figures, which remained steady at 6.7%, alleviating some pressure off the Bank’s Monetary Policy Committee.

So what does this mean for Fife Homeowners?

(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/implications-of-steady-interest-rates-for-fife-homeowners/

 

 

 

THE RESURGENCE OF FIFE’S SEMI-DETACHED HOUSES:

…a 73% Price Surge in 16 Years

 An article about Fife’s semi-detached houses and how they have performed over the years together with why they are so popular with Fife people, and why they will continue to be in the future.

If you are a Fife homeowner or landlord and interested in a Semi-Detached home in Fife, click on the link to read the article.

(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/the-resurgence-of-fifes-semi-detached-houses-a-73-price-surge-in-16-years/

 

 

 

Zoopla UK House Price Index – OCTOBER 2023

Executive summary

  • House price inflation has slowed from 9.6% to -1.1% over the last year
  • 4 in 5 housing markets are registering small annual price falls
  • Regulation of mortgage lending has built market resilience to higher mortgage rates although    household buying power remains lower
  • Transactions have been hit hardest and will be 23% lower than 2022
  • First-time buyers and cash buyers account for 2 in 3 sales in 2023
  • Low price falls and 5% mortgage rates mean housing is still expensive
  • We expect UK house prices to fall 2% over 2024 as rising incomes steadily repair housing affordability
  • 2024 is set for another year of 1m sales. This could be higher if mortgage rates fall back towards 4% sooner than expected in 2024

(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-october-2023/

 

 

Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:

EP 96: The Wealth Creation Show: The 5 Most Powerful Laws in The World!

There are these 5 laws of the world that I’m sure some of you might have heard of, it’s just that you never knew that they were called the biggest laws in the world.

People use these laws and try to live by them in every phase of their life.

Do you live by important laws of the world, or do you want to know what these 5 important laws are?

If you haven’t heard of them from anyone else let us share them with you!

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/Read/listen) https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-the-5-most-powerful-laws-in-the-world/

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 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.

 

 

Zoopla UK House Price Index – OCTOBER 2023 (Watch/Listen)

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/Zoopla-UK-House-Price-Index–OCTOBER-2023-e2ba3mp

 

Executive summary

 

  • House price inflation has slowed from 9.6% to -1.1% over the last year

 

  • 4 in 5 housing markets are registering small annual price falls

 

  • Regulation of mortgage lending has built market resilience to higher mortgage rates although    household buying power remains lower

 

  • Transactions have been hit hardest and will be 23% lower than 2022

 

  • First-time buyers and cash buyers account for 2 in 3 sales in 2023

 

  • Low price falls and 5% mortgage rates mean housing is still expensive

 

  • We expect UK house prices to fall 2% over 2024 as rising incomes steadily repair housing affordability

 

  • 2024 is set for another year of 1m sales. This could be higher if mortgage rates fall back towards 4%    sooner than expected in 2024

 

FIFE PROPERTY MARKET UPDATE – 24th – 30th Sept 2023 (Watch/Read/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–24th–30th-Sept-2023-e2a19cp

 

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 162: ACCEPTING A GUARANTOR: The essential checks you need to make, and when to say no

For some landlords, the very mention of guarantors can ring alarm bells. But they’re written into more tenancy agreements than you might think, and needing one isn’t necessarily a sign of problems ahead.

Even well-paid professionals with a glowing landlord’s recommendation can fall short in the referencing process, so it’s wise to have an understanding of what it means to have a tenant with a guarantor.

Join 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) this Saturday morning live on “The Fife property Show”. Tune in at 9.30am and we’ll take your questions LIVE. Hit the notification button to receive an alert on the day.

(Watch/read/listen)https://www.fifeproperties.co.uk/blog/fptv-ep-162-accepting-a-guarantor-the-essential-checks-you-need-to-make-and-when-to-say-no

 

 

FIFE PROPERTY INSIGHTS: Ignoring the Doom Monger Headlines

Debunking the myths surrounding the Fife property market! Dive into an enlightening read that takes you beyond the doom and gloom headlines, revealing the true, resilient nature of Fife’s housing scene. Uncover the historical cycles, global influences, and local strengths that shape our Fife property dynamics.

Jim Parker and Perrie McIntosh provide a guide as they discuss this topic.

Discover the bigger picture; click the link below to read the full insights.

(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/fife-property-insights-ignoring-the-doom-monger-headlines/

 

 

 

Zoopla UK House Price Index – SEPTEMBER 2023

 

Executive summary

 

  • Annual UK house price inflation moves negative to -0.5%, ranging from 1.6% in Scotland to -1.5% in

the South East and Eastern regions

  • Demand ticks higher over September as market sentiment improves
  • Buyers unwilling to compromise on what they want in face of higher borrowing costs, waiting for price

falls and/or lower mortgage rates

  • Mortgage rates expected to fall slowly in Q4 2023
  • Number of buyers will increase once mortgage rates get below 4.5%
  • A buyers’ market remains – the average discount to the asking price to achieve a sale up to 4.2%, the

highest since 2019

  • Average UK house prices on track to be 2-3% lower over 2023

 

(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-september-2023/

 

 

 

Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:

 

EP 91: The Wealth Creation Show: The Wealth Mastery Mindset

What others fail to realise is that their deep beliefs (usually the ones their parents had) determine how much money they make or don’t make, who they marry, what kind of home they live in, the clothes they wear, the kind of car they drive and everything else!

Everything you do is controlled by your beliefs! Our beliefs are our views, our judgments, our way of thinking, what we believe in, what we believe to be true or false, right or wrong, and our conclusions about life.

Very seldom do we consciously choose our beliefs. We usually inherit them from our parents and environment around us.

Can your beliefs change your life? And what are your beliefs?

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/ep-91-the-wealth-creation-show-the-wealth-mastery-mindset/

 

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 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.

Zoopla UK House Price Index – SEPTEMBER 2023 (Watch/Read/Listen)

 

PODCAST:  https://podcasters.spotify.com/pod/show/fife-properties/episodes/Zoopla-UK-House-Price-Index–SEPTEMBER-2023-e29v0q8

Executive summary

 

  • Annual UK house price inflation moves negative to -0.5%, ranging from 1.6% in Scotland to -1.5% in the South East and Eastern regions

 

  • Demand ticks higher over September as market sentiment improves

 

  • Buyers unwilling to compromise on what they want in face of higher borrowing costs, waiting for price    falls and/or lower mortgage rates

 

  • Mortgage rates expected to fall slowly in Q4 2023

 

  • Number of buyers will increase once mortgage rates get below 4.5%

 

  • A buyers’ market remains – the average discount to the asking price to achieve a sale up to 4.2%, the highest since 2019

 

  • Average UK house prices on track to be 2-3% lower over 2023

 

 

 

FIND OUT HOW MUCH YOUR HOME IS WORTH

TAP HERE TO BOOK A FREE SALES/RENTAL VALUATION

OR GET AN

INSTANT VALUATION

Website Design Internet Creation Ltd