The Fife property market has experienced a rollercoaster ride since 2019, reflecting the unprecedented challenges and opportunities that have shaped the landscape of home buying and selling in the area. The accompanying graph vividly illustrates these dramatic fluctuations, comparing Fife’s monthly house sales, expressed as a percentage of the six-year (2019 to 2024) average in blue. Also on the graph in orange is the Bank of England’s base rate between 2019 to 2024.
Average house prices in Scotland increased by 2.5% (provisional estimate) in the 12 months to May 2024. This was down from 4.8% (revised estimate) in the 12 months to April 2024 and was higher than the average UK house price annual inflation of 2.2% (provisional estimate) in the 12 months to May 2024.
Average house prices in Scotland increased by 5.6% (provisional estimate) in the 12 months to February 2024. This was up from 4.2% (revised estimate) in the 12 months to January 2024 and was higher than the average UK house price annual inflation of negative 0.2% (provisional estimate) in the 12 months to February 2024.
Average house prices in Scotland increased by 3.3% (provisional estimate) in the 12 months to December 2023. This was up from 1.1% (revised estimate) in the 12 months to November 2023 and was higher than the average UK house price annual inflation of negative 1.4% (provisional estimate) in the 12 months to December 2023.
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 179) RESET THE CLOCK: How to relaunch your home for new year selling success
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.
THE UK PROPERTY MARKET IN 2024:A Robust Start with Implications for Fife
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.
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 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.