Stepping into the world of the property market is akin to stepping into a rhythm. The beats of buying and selling, supply and demand form the underlying tempo.
Tag: Fife Property Market
UNDERSTANDING FIFE’S PROPERTY MARKET: The Hidden Perils of Overpricing Your Home in Fife’s Cooling Market (Watch/Read/Listen)
In an age of soundbites and sensationalism, the UK property market—particularly here in Fife—often finds itself misconstrued by general narratives.
FIFE PROPERTY MARKET UPDATE – 13th – 19th AUG 2023 (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 Shows written and produced this week are:
FP TV EP 156: RIGOROUS REFERENCING: The secret sauce for trouble-free tenancies and peace of mind
Continue reading FIFE PROPERTY MARKET UPDATE – 13th – 19th AUG 2023 (Watch/Listen)
UK House Price Index Scotland and Fife: June 2023 (Watch/Listen)
PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/UK-House-Price-Index-Scotland-and-Fife-June-2023-e2877u1
Economic statement
Average house prices in Scotland remained little changed (0.0%) in the 12 months to June 2023. This was down from 1.9% the 12 months to May 2023 and was slower than the average UK house price annual inflation of 1.7% in the 12 months to June 2023.
On a non-seasonally adjusted basis, average house prices in Scotland decreased by 0.4% between May 2023 and June 2023, compared with an increase of 1.5% during the same period 12 months ago. On a seasonally adjusted basis, average house prices in Scotland decreased by 1.0% between May 2023 and June 2023.
Comparing the provisional UK HPI volume estimate for April 2022 with the provisional UK HPI volume estimate for April 2023, the volume of transactions decreased by 18.6% in Scotland and by 24.0% in the UK.
In Scotland, semi-detached houses showed the highest annual percentage change out of all property types, increasing by 0.6% in the 12 months to June 2023 to £202,000. Detached houses showed the lowest annual percentage change, which decreased by 0.6% in the 12 months to June 2023 to an average price of £339,000.
The highest annual percentage change was in East Lothian, where average house prices increased by 16.0% in the 12 months to June 2023 to £339,000. The lowest annual percentage change was in West Dunbartonshire, where average house prices decreased by 6.7% in the 12 months to June 2023 to £131,000.
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.
FIFE PROPERTY MARKET UPDATE – 6th – 12th AUG 2023 (Watch/Listen)
PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–6th–12th-AUG-2023-e282htr
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:
Continue reading FIFE PROPERTY MARKET UPDATE – 6th – 12th AUG 2023 (Watch/Listen)
FIFE HOMEOWNERS: Navigating the Latest Interest Rate Rise to 5.25% (Watch/Read/Listen)
Interest rates have risen to 5.25% following a 0.25% increase announced by the Bank of England.
This is the 14th consecutive rise and marks the highest interest rates in 15 years.
The reason behind these rate hikes is to combat high levels of inflation. The government has set a target of 2% inflation, and the recent inflation rate drop to 7.9% in June has been better than predicted by the markets.
FIFE PROPERTY MARKET UPDATE – 5TH – 11TH MAR 2023 (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 Shows written and produced this week are:
FP TV (EP 133) SPRING VIEWINGS: Get your Fife home ready for the year’s busiest selling season
Spring has been the most popular season to buy and sell a home for as long as we can remember, and with good reason. Jim Parker and guests provide useful information to help you get your home in tip top order for selling this Spring.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/spring-viewings-get-your-fife-home-ready-for-the-years-busiest-selling-season/
Cautious Optimism in the Fife Property Market
The Fife Property Market in the two months of 2023 is showing signs of cautious optimism with the number of properties selling at decent levels.
If you are a Fife homeowner or landlord read the article here to find out: https://www.fifeproperties.co.uk/blog/cautious-optimism-in-the-fife-property-market/
Watch out for the Wealth Creation Show on Monday @ 12.30pm live on these channels:
EP62 THE WEALTH CREATION SHOW: The Principles of Building Wealth
Building wealth is a goal that many people aspire to, but it can often seem like an overwhelming task. It takes time, effort, and discipline to be successful with this goal, so don’t be lured by get-rich-quick schemes and too-good-to-be-true opportunities that can send you down a dangerous path.
The good news is that there are principles and strategies that can help anyone build and preserve wealth over the long term.
Luckily, you don’t need to head back to school to understand this as Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to take you through building a property portfolio, what it means to purchase several buy-to-let investment opportunities to generate a significant return on investment – more so than you would with just one property. Also, making sure you are financially ready, setting goals, doing your research, remembering to diversify and the benefits of a Hands-Off Investment.
(Watch/listen) https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-the-ultimate-guide-to-buy-to-let-investment/
If you’ve missed the previous shows you can catch up on our play list:
https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9
If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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.
Cautious Optimism in the Fife Property Market (Watch/Read/Listen)
As the British and Fife property market navigates the ongoing economic turmoil, many Fife homeowners and landlords may feel uncertain about the future.
However, up-to-date data suggests that the 2023 property crash predicted by the many newspapers and the usual clickbait doom-mongers in the lead-up to Christmas on social media, may not be as bad as initially thought, and there are reasons to be cautiously optimistic.
Continue reading Cautious Optimism in the Fife Property Market (Watch/Read/Listen)
FIFE PROPERTY MARKET UPDATE – 29TH JAN – 4TH FEB 2023 (Watch/Listen)
PODCAST: https://anchor.fm/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–29TH-JAN–4TH-FEB-2023-e1ugi6b
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 128) THE LANDLORD LINGO BUSTER PART ONE: Set Your Tenancy Up The Right Way And Keep Your Property Legal In Fife
Do you know your ARLA from your elbow? Or how about a GSR from the TDS? If you don’t, you’re not alone.
Just like every industry, the lettings world has its own particular lingo to master, with plenty of phrases, abbreviations and rules to keep in your head.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/the-landlord-lingo-buster-part-one-set-your-tenancy-up-the-right-way-and-keep-your-property-legal/
Fife Property Market Update: February 2023
With the Bank of England raising interest rates and inflation high, what is happening in the Fife property market? What types of properties are selling in Fife? What is happening to house prices in Fife?
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/fife-property-market-update-february-2023/
Watch out for the Wealth Creation Show on Monday @ 12.30pm live on these channels:
EP57 THE WEALTH CREATION SHOW: Diary of a Property Investor Part 12
How I lost my first million and the lessons learned. You don’t often get to know how someone failed but when you do you can often learn more from this than their success.
In this episode Jim Parker and Richard Cook are going to talk about the steps that led to Jim losing a million and the lessons learned.
This is the warts and all, laid bare story of Jim’s journey retiring at 38 years old financially free and almost losing it all. We’ll be covering several issues on mental health, depression, addictive personality and suicide which for many might be disturbing and upsetting. If you need help in any way, please free phone The Samaritans on 116 123 or visit https://www.samaritans.org/?nation=scotland
Jim says, “It’s amazing that you’re judged a success by what people see, when they have no idea what is happening deep down within that person. If the next chapter in my story helps one person, it will have all been worth it”.
(Watch/Listen) https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-diary-of-a-property-investor-part-12/
If you’ve missed the previous shows you can catch up on our play list:
https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9
If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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.
Fife Property Market Update: February 2023 (Watch/Read/Listen)
PODCAST: https://anchor.fm/fife-properties/episodes/Fife-Property-Market-Update-February-2023-e1ual1p
#fifeproperty #interestrates #fifepropertymarket #inflation #movinghome
- With the Bank of England raising interest rates and inflation high, what is happening in the Fife property market?
- Are properties selling in Fife? And if so, what is selling?
- What will happen to the value of your Fife home?
- Read the article to find out what is happening to the Fife property market.
As we enter February, the Fife (and British) property market is full of mixed messages.
Whilst the Bank of England increased the base rate nine times in 2022, meaning they are now at 3.5% (3% higher than 12 months ago), mortgage rates are now dropping.
Continue reading Fife Property Market Update: February 2023 (Watch/Read/Listen)
