As a seasoned estate agent serving the Fife community, I’ve always prided myself on offering transparent, informed advice to local homeowners. Today, I’d like to provide a balanced perspective on the current housing market trends and what they could mean for those contemplating selling their Fife homes.
Continue reading Why You Shouldn’t Sell Your Fife Home in 2024 (Watch/Read/Listen)
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:
The start of every year brings new energy to the property market, so if you had no luck selling your home in 2023, take comfort that hope is still on the horizon.
Jim Parker and Richard Cook provide useful hints and tips for those looking to sell this year and those who are feeling they are out of ideas to get their house sold.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/reset-the-clock-how-to-relaunch-your-home-for-new-year-selling-success/
Fife homeowners, get ready to unlock the mysteries of our local property market!
Whether you’re considering buying or selling in Fife, understanding whether it’s a buyers’ or sellers’ market is crucial. But wait, there’s more!
Join Jim Parker as he guides you through the fascinating realm of the lesser known ‘balanced market’.
(Watch/Listen/Read) https://www.fifeproperties.co.uk/blog/is-fife-a-buyers-or-sellers-property-market-a-comprehensive-guide-for-fife-homeowners/
With an impressive 42.37% more UK home sales in the first couple of weeks of January, what are the four key drivers of this surge in the British property market? Also, is this growth in home sales being replicated in Fife? If you are a Fife homeowner or landlord and considering your property options in the next 12 to 18 months, read the article to find out how this will affect your buying and selling options.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/the-uk-property-market-in-2024-a-robust-start-with-implications-for-fife/
To break through and achieve extraordinary success in 2024 you need to have an inspirational plan in place!
Remember, success is not an overnight phenomenon but a result of consistent and focused action. You need to have vision, focus on empowering beliefs and take action to learn and grow as you travel through your journey to success.
Do you want to know the key elements to an inspirational plan for 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.
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.
The start of every year brings new energy to the property market, so if you had no luck selling your home in 2023, take comfort that hope is still on the horizon.
As the nights get lighter and the market warms up, buyers and sellers start thinking about moving in time for summer, and our diary fills again with valuations and viewings.
It’s a buzzing time, and if you want your second shot at selling to be a success, you’ve probably got a few burning questions, like:
As an experienced estate and letting agent based in Fife, I have been closely monitoring the trends in the UK property market. As of January 11th, 2024, the market has shown a solid start, a trend worth exploring, especially in how it might mirror or differ from the local market in Fife.
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:
There’s no denying that landlords faced a pretty challenging 2023. In particular, many of those who were highly leveraged decided to simply sell up, but did they act too soon?
Their departure has left a large hole of opportunity for existing investors and newcomers to fill, with the chronic shortage of homes and massive demand in your area pushing rents to ever-new heights.
Richard Cook and Jim Parker provide their thoughts, hints and tips on this subject.
(Watch/read/listen) https://www.fifeproperties.co.uk/blog/lettings-outlook-2024-what-can-landlords-expect-from-the-rental-market-this-year/
Discover how Fife residents can save significantly with the latest dip in mortgage rates! This article explores the remarkable impact of recently reduced mortgage rates on homeowners, landlords, and first-time buyers in Fife, offering insights into how this financial shift can benefit you. Jim Parker and Richard Cook discuss this topic that could potentially save you thousands.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/mortgage-war-will-save-fife-homeowners-1942-a-year/
#LettingsOutlook2024 #RentalMarket #FifeInvestors #FifeLandlords #LandlordTips #BuyToLet #LettingTips #FifeProperty #FifeEstateAgent #MortgageWar #HouseBuying
Jim Parker provides a breakdown of the Scottish House Price Index report for November 2023 and gives his thoughts on how this could impact the Fife property market for buyers and sellers.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/uk-house-price-index-scotland-and-fife-november-2023/
To break through and achieve extraordinary success in 2024 you need to have an inspirational plan in place!
Remember, success is not an overnight phenomenon but a result of consistent and focused action. You need to have vision, focus on empowering beliefs and take action to learn and grow as you travel through your journey to success.
Do you want to know the key elements to an inspirational plan for 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-breakthrough/
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.
Average house prices in Scotland increased by 2.2% (provisional estimate) in the 12 months to November 2023. This was up from 0.5% (revised estimate) in the 12 months to October 2023 and was faster than the average UK house price annual inflation of negative 2.1% (provisional estimate) in the 12 months to November 2023.
On a non-seasonally adjusted basis, average house prices in Scotland increased by 1.1% between October 2023 and November 2023, compared with a decrease of 0.6% during the same period 12 months ago. On a seasonally adjusted basis, average house prices in Scotland increased by 0.9% between October 2023 and November 2023.
Comparing the provisional UK HPI volume estimate for September 2022 with the provisional UK HPI volume estimate for September 2023, the volume of transactions decreased by 15.0% in Scotland and by 24.2% in the UK.
In Scotland, detached houses showed the highest annual percentage change out of all property types, increasing by 5.2% in the 12 months to November 2023 to £359,000. Terraced houses showed the lowest annual percentage change, which decreased by 0.1% in the 12 months to November 2023 to an average price of £162,000.
The highest annual percentage change was in East Renfrewshire, where average house prices increased by 9.9% in the 12 months to November 2023 to £310,000. The lowest annual percentage change was in Argyll and Bute, where average house prices decreased by 6.7% in the 12 months to November 2023 to £188,000.
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.
In a recent financial turn, Fife residents are experiencing a wave of relief as mortgage rates across the UK take a surprising dip. This reduction, led by major lenders, signals a potential opportunity for the Fife housing market, directly affecting homeowners, landlords and first-time buyers in the area.
Let’s delve into what this means for the local market, weighing up both the opportunities and the need for realistic expectations.
Continue reading Mortgage War Will Save Fife homeowners £1,942 a Year (Watch/Read/Listen)
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 177) SMOOTH MOVES: Eliminate the Stress When Selling Your Home In Fife
Most moves have a lot riding on them, and, if you’re thinking of selling your home, there’s probably a good reason behind it.
Perhaps you’re moving in with a partner, expanding your family, relocating for work, thinking about schools, considering downsizing, or simply moving to your ultimate dream location.
None of these are small events. They’re pivotal life moments filled with anticipation, and when the next chapter of your life depends on the sale of your home, it can be an emotional time.
Join Jim Parker and Richard Cook as they discuss ways that could help you navigate your move smoothly.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/smooth-moves-eliminate-the-stress-when-selling-your-home-in-fife-2/
Why didn’t Fife House Prices Crash in 2023?
In 2023, contrary to several grim forecasts, Fife’s housing market defied the anticipated 8% to 15% fall. Key factors cushioning the market included robust labour conditions, strategic lender policies, and stringent mortgage affordability testing.
As we look towards 2024, cautious optimism prevails amidst regulatory constraints and shifting mortgage rates, suggesting a stable trend in house prices. This period presents an opportune moment for Fife homeowners and buyers to make informed, strategic decisions in an evolving market landscape. Read the article to find exactly what happened to Fife house prices in 2023 and what they probably will be by the end of the year.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/why-didnt-fife-house-prices-crash-in-2023/
EP 106: The Wealth Creation Show: Succeed or Die Trying
Success is often seen as the ultimate goal, but what does it really mean to pursue success with unwavering determination?
“Succeed or Die Trying” encapsulates the idea of relentless pursuit, a mindset that acknowledges challenges but refuses to be deterred by them. It’s about embracing failure as a stepping stone, not an obstacle.
Do want to know the tools to achieving success and how to navigate that fight to get there!?
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-succeed-or-die-trying/
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.
Most moves have a lot riding on them, and, if you’re thinking of selling your home, there’s probably a good reason behind it.
Perhaps you’re moving in with a partner, expanding your family, relocating for work, thinking about schools, considering downsizing, or simply moving to your ultimate dream location.
None of these are small events. They’re pivotal life moments filled with anticipation, and when the next chapter of your life depends on the sale of your home, it can be an emotional time.
As I review the performance of the Fife property market in 2023, it’s evident that despite the challenges, the housing sector in the area has shown remarkable resilience.
At the beginning of the year many commentators suggested house prices would drop like a stone in 2023. The Halifax thought there would be an 8% drop, Savills suggested 10%, and the respected Nomura Bank 15%, yet according to the Land Registry, they ended 0.5% higher. Looking at the Land Registry figures for Fife …
Continue reading Why Didn’t Fife House Prices Crash in 2023? (Watch/Read/Listen)
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