Average house prices in Scotland increased by 0.2% (provisional estimate) in the 12 months to October 2023. This was down from 0.8% (revised estimate) in the 12 months to September 2023 and was faster than the average UK house price annual inflation of negative 1.2% (provisional estimate) in the 12 months to October 2023.
On a non-seasonally adjusted basis, average house prices in Scotland decreased by 0.5% between September 2023 and October 2023, compared with an increase of 0.1% during the same period 12 months ago. On a seasonally adjusted basis, average house prices in Scotland decreased by 0.3% between September 2023 and October 2023.
Comparing the provisional UK HPI volume estimate for August 2022 with the provisional UK HPI volume estimate for August 2023, the volume of transactions decreased by 11.2% in Scotland and by 16.2% in the UK.
In Scotland, detached houses showed the highest annual percentage change out of all property types, increasing by 2.0% in the 12 months to October 2023 to £350,000. Flats and Maisonettes showed the lowest annual percentage change, which decreased by 1.8% in the 12 months to October 2023 to an average price of £128,000.
The highest annual percentage change was in Clackmannanshire, where average house prices increased by 11.2% in the 12 months to October 2023 to £180,000. The lowest annual percentage change was in West Lothian, where average house prices decreased by 4.5% in the 12 months to October 2023 to £203,000.
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.
As we stand at the threshold of 2024, facing economic uncertainties and a shifting housing landscape, the significance of correct pricing in Fife’s property market has never been more pronounced.
This comprehensive guide delves into the crucial aspects of property pricing and its profound impact on the property market transaction process.
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 170: SINGLE LET OR HMO?
Could your profits jump 50% with multi-occupancy lettings?
If you’re looking for ways to boost your buy-to-let profits, converting your rental home to a House in Multiple Occupation (HMO for short) could be the answer.
HMOs have exploded in popularity as an option for landlords to increase their income by letting out a property as individual rooms, rather than as a single home. Lettings Director Richard Cook along with Letting Agent Kerin Marshall discuss this topic.
Discover the future short and medium-term trajectory of Fife’s property market in our latest insightful article. Uncover how recent trends and economic factors are shaping the local Fife housing landscape, offering valuable predictions for homeowners and landlords. Stay ahead of the curve and make informed decisions for your property investments in Fife.
Richard Cook and Perrie McIntosh guide us through the figures and provide their thoughts on the Fife property market.
Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:
EP 99: The Wealth Creation Show: 5 Tips for Planning a Better Financial Future
Following Jim’s return from Necker Island we will catch up on the remainder of his trip and what he has taken away from the experience.
Those of you following the journey will surely be wondering how you too can be in that position, and it is all about planning your financial future.
Our wealth and financial situation impact many aspects of our lives. Effective financial planning enables us to do what we want to do in life and gives us long-term control and more time back!
Are you interested in tips on how to plan for a better financial future?
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 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.
In the ever-changing landscape of the Fife property market, predicting future house price trends can be akin to navigating a labyrinth. The past two years have witnessed unprecedented upheaval, primarily due to fluctuating interest rates that significantly impacted household finances, reminiscent of the challenges not faced since 2008.
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 169) STUCK IN NEUTRAL? Does your home need to be beige to sell for the best price?
“Whatever you have in your rooms, think first of the walls” – wise words indeed from pattern and textile god William Morris (and nobody could call his designs neutral).
Richard Cook and Perrie McIntosh provide hints and tips to help you achieve the best price for your property.
THE FIFE PROPERTY MARKET: The importance of realistic pricing (if you want to sell)
As the Fife property market evolves, the key to unlocking a successful sale lies not just in the bricks and mortar but in the strategy behind the sale. It’s a tale of contrasting realities: more Fife homes on the market bring greater choices for buyers yet present a challenge for sellers aiming to stand out. Fife’s property market is a unique microcosm of supply and demand.
Richard Cook and Perrie McIntosh dive into the full article to explore and discuss the shifts, strategies, and successes in Fife’s dynamic property sphere.
UK House Price Index Scotland and Fife: September 2023
Perrie McIntosh provides a breakdown of the Scottish House Price Index report for September 2023 and gives her thoughts on how this could impact the Fife property market for buyers and sellers.
Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:
EP 98: The Wealth Creation Show: LIVE From Necker Island
Following on from last week’s episode we will be joining Jim Parker LIVE from Necker Island!
For those of you who don’t know Necker Island belongs to billionaire Richard Branson and is the next part of Jim’s adventure.
We will be catching up with him on location and continue our discussion on Jim’s journey, that has let him to where he is today.
If you have you ever wondered, how could I have it all? Tune in for a live interactive discussion on how to achieve 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 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.
Average house prices in Scotland increased by 2.5% (provisional estimate) in the 12 months to September 2023. This was up from 1.9% (revised estimate) in the 12 months to August 2023 and was faster than the average UK house price annual inflation of negative 0.1% (provisional estimate) in the 12 months to September 2023.
On a non-seasonally adjusted basis, average house prices in Scotland decreased by 0.2% between August 2023 and September 2023, compared with a decrease of 0.7% during the same period 12 months ago. On a seasonally adjusted basis, average house prices in Scotland increased by 0.2% between August 2023 and September 2023.
Comparing the provisional UK HPI volume estimate for July 2022 with the provisional UK HPI volume estimate for July 2023, the volume of transactions decreased by 13.9% in Scotland and by 21.9% 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 September 2023 to £358,000. Terraced houses showed the lowest annual percentage change, which increased by 0.8% in the 12 months to September 2023 to an average price of £164,000.
The highest annual percentage change was in East Lothian, where average house prices increased by 15.2% in the 12 months to September 2023 to £348,000. The lowest annual percentage change was in North Ayrshire, where average house prices decreased by 4.0% in the 12 months to September 2023 to £127,000.
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.
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 165) AUTUMN KERB APPEAL: Top seasonal tips for dazzling photos and first impressions
Autumn is the season of magic and mayhem for selling your home. Jim Parker and Richard Cook provide hints and tips so that your homes will make a lasting first impression for all the right reasons.
UK House Price Index Scotland and Fife: August 2023
Jim Parker provides a breakdown of the Scottish House Price Index report for August 2023 and gives his thoughts on how this could impact the Fife property market for buyers and sellers.
Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:
EP 94: The Wealth Creation Show: Finding Your Sense of Purpose in Life
Finding purpose is a process that requires plenty of self-reflection, listening to others, and finding where your passions lie.
Perhaps you are feeling disconnected, discontent and struggling with establishing your true meaning.
Asking yourself why do a need to have a sense of purpose?
Or how do I know when I have found my true purpose?
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 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.
Average house prices in Scotland increased by 1.1% (provisional estimate) in the 12 months to August 2023. This was up from 0.1% (revised estimate) in the 12 months to July 2023 and was faster than the average UK house price annual inflation of 0.2% (provisional estimate) in the 12 months to August 2023.
On a non-seasonally adjusted basis, average house prices in Scotland increased by 1.2% between July 2023 and August 2023, compared with an increase of 0.2% during the same period 12 months ago. On a seasonally adjusted basis, average house prices in Scotland increased by 0.9% between July 2023 and August 2023.
Comparing the provisional UK HPI volume estimate for June 2022 with the provisional UK HPI volume estimate for June 2023, the volume of transactions increased by 8.7% in Scotland and decreased by 3.2% in the UK.
In Scotland, detached houses showed the highest annual percentage change out of all property types, increasing by 2.6% in the 12 months to August 2023 to £349,000. Terraced houses showed the lowest annual percentage change, which remained little changed (0.0%) in the 12 months to August 2023 to an average price of £164,000.
The highest annual percentage change was in East Lothian, where average house prices increased by 15.4% in the 12 months to August 2023 to £337,000. The lowest annual percentage change was in East Ayrshire, where average house prices decreased by 3.0% in the 12 months to August 2023 to £124,000.
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.
Average house prices in Scotland increased by 0.1% in the 12 months to July 2023. This was down from 0.3% the 12 months to June 2023 and was slower than the average UK house price annual inflation of 0.6% in the 12 months to July 2023.
On a non-seasonally adjusted basis, average house prices in Scotland increased by 1.1% between June 2023 and July 2023, compared with an increase of 1.2% during the same period 12 months ago. On a seasonally adjusted basis, average house prices in Scotland increased by 0.3% between June 2023 and July 2023.
Comparing the provisional UK HPI volume estimate for May 2022 with the provisional UK HPI volume estimate for May 2023, the volume of transactions decreased by 9.5% in Scotland and by 17.7% in the UK.
In Scotland, detached houses showed the highest annual percentage change out of all property types, increasing by 2.5% in the 12 months to July 2023 to £345,000. Flats and maisonettes showed the lowest annual percentage change, which decreased by 1.5% in the 12 months to July 2023 to an average price of £131,000.
The highest annual percentage change was in East Lothian, where average house prices increased by 11.7% in the 12 months to July 2023 to £330,000. The lowest annual percentage change was in West Dunbartonshire, where average house prices decreased by 7.0% in the 12 months to July 2023 to £133,000.
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.
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 160) EMPTY PROMISE: Turn a vacant spell into a brighter future for your buy-to-let
An empty rental property doesn’t have to be a downer. In fact, having some time between tenancies gives you the chance to optimise your investment’s rental yield, sales value, and future popularity.
That said, vacant homes do have some extra risks and management that you don’t need to think about when your property has a tenant.
So, whether you’re making improvements to turn a greater profit, or just keeping things in check until the next tenancy begins, this week’s blog is jam-packed with expert tips and tricks.
Lettings Director Richard Cook along with one of the UK’s most successful Property Investors, Jim Parker discuss this topic.
UNDERSTANDING FIFE’S PROPERTY MARKET:The Hidden Perils of Overpricing Your Home in Fife’s Cooling Market
Thinking about selling your home in Fife? New data reveals it’s more crucial than ever to price it correctly! With the UK housing market at its lowest growth rate since 2012 and high mortgage rates affecting demand, overpricing your Fife home could spell disaster—leading to fewer views, longer time on the market, and even stigmatising your property so it doesn’t sell. Dive into our latest article to understand the nuances of Fife’s cooling property market (with local stats) and avoid the hidden perils of overpricing!
Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:
EP 89: The Wealth Creation Show: Cash Flow is King!
One of the most important lessons entrepreneurs have to learn, often painfully, is that cash really is king.
It doesn’t matter how much money is coming in the future if you don’t have enough money to get from here to there.
Do you know the difference between profit and cash flow?
Would you like to know how to project and manage cash flow?
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 is 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 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.
