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.
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 is:
FPTV (EP 76) The Future of the Fife Buy-To-Let Market in 2022
“Fife Landlord? What is the future of the Fife Buy-To-Let Market in 2022? What will happen to rents in Fife And Fife house prices? What about the new landlord and tenant law changes?
(Watch/read/listen) https://www.fifeproperties.co.uk/blog/the-future-of-the-fife-buy-to-let-market-in-2022/
Fife Homeowners Pocketed £112k Each in the Last 20 Years
(Watch/read/listen) https://www.fifeproperties.co.uk/blog/fife-homeowners-pocketed-112k-each-in-the-last-20-years/
Watch out for the Wealth Creation Show on Monday @ 6.30pm live on these channels:
As well as sharing some wealth secrets we’re talking about property sourcing this week.
Facebook: https://www.facebook.com/TheOfficialJimParker/
Linkedin: https://www.linkedin.com/in/jimparkerfifeproperties/
You Tube: https://www.youtube.com/channel/UCNKp0YTqqHULC402NAsApCA
Twitter: https://twitter.com/fifeproperties
Podcast: https://anchor.fm/fife-properties
This is the beginning of our year long journey to increase each other’s wealth out of collaboration and working together. Jim Parker and James Watson will share their thoughts while we learn how to do that for ourselves.
If you are a client of ours, you will also receive an invite later to a private zoom on the last each month going into more detail on this to accelerate your wealth in 2022.
And finally remember you can still get a 60 second instant valuation of your home with this quick easy to use tool without speaking to anyone: https://valuation.fifeproperties.co.uk/home/2062
#BuytoLet #FifeLandlords #FifeTenants #EPC #FifeRents #FifeHousePrices #InterestRates #HousePrices #EquityRelease #FirstTimeBuyers #InterestOnlyMortgages #HomeOwner
PODCAST: https://anchor.fm/fife-properties/episodes/Fife-Houses-Prices-up-14-8-in-the-last-Year-e1bojad
The UK House Price index has been released for October 2021 and it makes interesting reading.
House prices in Fife have increase 14.8% (down from last month of 15.6%) as opposed to the Scottish Average of 11.3%.
The average house price is now £164,623 (last month £161,922), an increase of £21,255 over the year.
Fife seems to still be more affordable than other areas of the country as you can see by the graph below: Continue reading Fife Houses Prices up 14.8% in the last Year! (watch/read/listen)
PODCAST: https://anchor.fm/fife-properties/episodes/Is-the-Fife-Property-Market-Running-Out-of-Steam-e1acjag
In recent articles on the Fife property market, I have been talking a lot about house prices over the last 12 months and 5 years in Fife.
When it comes to newspapers talking about the property market, the headline most people look at is what is happening to house prices. Continue reading Is the Fife Property Market Running Out of Steam? (Watch/read/listen)
PODCAST: https://anchor.fm/fife-properties/episodes/Will-Fife-house-prices-fall-in-the-Autumn-e19b8ut
The land and building transaction tax holiday is over, furlough finished at the end of September, unemployment is due to rise and inflation is rife … is this the end of the post lockdown Fife property boom? Continue reading Are Fife House Prices Set to Fall this Autumn? (watch/read/listen)
With Rightmove announcing a national drop of 0.3% in average asking prices in August, some are asking if the steam has been let out of the property market. Yet with the gains we have seen in the last 12 months, is this just a minor bump in the road? Alarm bells normally ring when new homeowners coming to the market for the first time are having to lower their initial asking price when compared to the market as a whole. Continue reading Fife Homes Asking Prices Up 5% (3 min read)
The value of an average Fife semi-detached house has increased in value by £18,360 in the last 12 months, an increase in value of 12.8%.
Yet the costs of building a Fife home have shot up even more in the last 12 months, meaning the price of Fife new homes and any building works you do to your Fife home in the coming months and years could be a lot higher. Continue reading £349,341 – ‘Wood’ You Pay That For a Fife Semi-Detached House? (3 min read)
Fife house prices dropped by 1.8% last month, according to the Land Registry.
This means the annual rate of house price growth in Fife has eased to 8.7%, a little way off the 10.8% yearly rate experienced only a few months ago. Don’t get me wrong, this is still decent growth in local house prices in anyone’s eyes, yet the ‘pedal to the metal’ growth rates seen only a few months ago do appear to be easing. Continue reading FP TV (EP 46) Is Fife Heading Towards a House Price Crash? (Watch/read/listen)
Would it surprise you even more when I said the ratio of house prices to wages are still lower today when compared to 1871? Yes, you read that correctly, as a proportion of average wages British house prices are 17.6% proportionally cheaper today than they were in 1871. Continue reading Your Great-Great Fife Grandfather Would Have Only Paid £221 18s 2d for His Fife Home in 1871 (4 min read)
PODCAST: https://anchor.fm/fife-properties/episodes/Will-Fife-House-Prices-fall-in-2022-evra0r
Will Fife House Prices fall in 2022?
As 1 in 2 Fife homes are selling within a fortnight of coming to market
One of the most astounding things that has happened in the last 12 months was something that did not happen. Even after the country saw the deepest recession since the Great Freeze of 1709, with GDP dropping 28% in one quarter, one would have expected a large fall in Fife house prices would follow. Yet … Continue reading Will Fife House Prices fall in 2022? (Watch/read/listen)
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