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Fife Properties

How will the recent drop in Inflation affect the Fife property market? (Read 2 min)



The recent drop in UK inflation to 4.6% from 6.7% in September has several implications for the Fife property market:


Mortgage Rates and Housing Market Sentiment: The drop in inflation is expected to influence the Bank of England’s decisions regarding interest rates. With inflation falling more than expected and core inflation also reducing, there’s a growing belief that the Bank of England might keep rates on hold, as evidenced by the recent pause in rate hikes​​. This expectation is affecting the UK property market, with two-year fixed mortgage rates already dipping below 5% for the first time in five months, and major mortgage lenders like Halifax and HSBC joining the trend​​. This reduction in mortgage rates is likely to boost home buying affordability and should lead to increased activity in the housing market.


Investor Sentiment and Housebuilders’ Stocks: The lower inflation rate has been positively received by investors, leading to a rise in the stock prices of UK housebuilders like Barratt Developments, Taylor Wimpey, and Berkeley Group​​. This uptick is another indicator of a more optimistic outlook for the property sector.


Challenges and Uncertainties: Despite the decrease in inflation, the UK economy faces stagnation and a risk of recession, which could influence consumer confidence and spending, including in the property market​​. Additionally, while the news of declining inflation is positive, it’s essential to note that prices are still rising at a rate over double the government’s target. This scenario, coupled with the fact that arrears continue to increase, suggests that the housing market still faces challenges and uncertainties​​.


Future Rate Cuts Possibility: Investors are increasingly betting on Bank of England rate cuts next year, with expectations of three 0.25% reductions in the Bank Rate by December 2024 with the first cut by June​​ 2024. If these base rate cuts materialise, they could further improve mortgage affordability and stimulate the property market.


Government Policy and Fiscal Measures: The government’s approach to fiscal policy, especially in the upcoming budget, could significantly impact the property market. If the Chancellor introduces measures that support the housing market, it could positively influence home ownership and property investments​​.


In summary, the drop in UK inflation is likely to bring some added relief to the Fife property market, particularly through lower mortgage rates and improved investor sentiment.


However, economic uncertainties, including the risk of recession and the ongoing challenges in the wider economy, suggest a cautious approach to predicting the future of the UK (and Fife) property market.




FIFE PROPERTY MARKET UPDATE – 13th – 19th Nov 2022 (Watch/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 Show written and produced this week are:

Continue reading FIFE PROPERTY MARKET UPDATE – 13th – 19th Nov 2022 (Watch/Listen)

Is Now a Good Time to Buy a Fife Home? (Watch/Read/Listen)




‘Is Now a Good Time to Buy a Fife Home?’

This is the question many people are asking right now, and the answer depends on your circumstances.


I pride myself on my ability to provide objective, fact-based information on the Fife property market so potential Fife house sellers, landlords and buyers can make the best decision for themselves.

Continue reading Is Now a Good Time to Buy a Fife Home? (Watch/Read/Listen)

FP TV (EP 35) THE PERFECT BUYER: How Do We Find Yours? (Watch/read/listen)




Being an estate agent is a bit like running a dating agency: playing Cupid every day, cultivating commitment and building long-term relationships that lead to living together. It’s more than marketing; it’s matchmaking! Continue reading FP TV (EP 35) THE PERFECT BUYER: How Do We Find Yours? (Watch/read/listen)