Inflation Archives - Fife Properties
Fife Properties

Wages rising by 8.3% pa – how will this affect the Fife property market? (4 min read)

 

As they struggle to meet demand, Argos have had to increase the wages of their HGV drivers from £11.41 an hour to £15 an hour – a rise of 31.2% meaning their pay goes from £27k to £35k. Care home providers are offering signing-on bonuses of many thousands of pounds to entice nursing staff away from their competitors, and new homes contractors say labour costs are growing as the housing boom pushes up demand for bricklayers and joiners. Restaurant chains, coffee shops, blue-collar workers in factories and warehouses are seeing wages rise at an extraordinary rate. Continue reading Wages rising by 8.3% pa – how will this affect the Fife property market? (4 min read)

£349,341 – ‘Wood’ You Pay That For a Fife Semi-Detached House? (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)

Your Great-Great Fife Grandfather Would Have Only Paid £221 18s 2d for His Fife Home in 1871 (4 min read)

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)

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