Doom and gloom in the British property market or clickbait doom-mongers?
Newspapers and clickbait 24-7 news websites, desperate for clicks, are peddling a story of a doomsday time for the economy, particularly the property market, as interest rates and inflation create the perfect storm for the UK property market.
A few weeks ago, the Bank of England increased interest rates to 2.25% and they are expected to be 3.25% by early next year. This increase will make the monthly mortgage payments more expensive for first-time buyers, an issue dubbed by some as the ‘property affordability crunch.’
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 are:
Continue reading FIFE PROPERTY MARKET UPDATE – 11th Sept – 17th Sept 2022 (Watch/Listen)
Scotland house prices increased by 9.9% (Fife 8.8%) in the year to July 2022, down from an increase of 11.4% (Fife 12.7%) in the year to June 2022. On a non-seasonally adjusted basis, average house prices in Scotland increased by 0.6% between June and July 2022, compared with an increase of 1.9% during the same period a year earlier (June 2021 and July 2021). On a seasonally adjusted basis, average house prices in Scotland increased by 0.3% between June and July 2022.
Comparing the provisional volume estimate for May 2021 with the provisional estimate for May 2022, the volume of transactions decreased by 0.6% in Scotland (Fife increased 3.4%). The UK volume of transactions increased by 34.5% over the same period.
In Scotland, terraced houses showed the largest increase out of all property types, rising by 11.0% in the year to July 2022 to £164,000. The lowest annual change of all property types was in flats and maisonettes, which increased by 8.0% in the year to July 2022 to £132,000.
The largest growth was in East Ayrshire, where prices increased by 19.8% in the year to July 2022 to £129,000. The lowest annual growth for the year to July 2022 was in City of Aberdeen where average prices increased over the year by 0.8% to £149,000.
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. However the Scottish and Fife Housing Markets are holding up well.
PODCAST: https://anchor.fm/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE-29thMay–4th-June-2022-e1jhnae
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 are:
Continue reading FIFE PROPERTY MARKET UPDATE 29th May – 4th June 2022
The cost-of-living predicament is threatening the budgets of many Fife households.
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 are:
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 are:
FP TV (EP 83) LETTING AGENT DIARY: Behind the Scenes of a Typical Working Week
To describe this job in a single phrase, it would have to be ‘never a dull moment’. Aside from opening the office, making a coffee and checking new messages, no two days are ever the same.
Meeting new people and being out in the neighbourhood are two of our favourite things, but the icing on the cake is handing over the keys on moving day. It’s such a moment of joy for everyone – the landlord, the tenants, us – as a whole new chapter begins.
(Watch/read/listen)
Continue reading FIFE PROPERTY MARKET UPDATE 13th March – 19th March 2022 (Watch/Read/Listen)
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.
The energy bills of every Fife resident will rise in April as the price cap increases to account for the global increase in the cost of gas. Those not on the gas mains will still be hit as the UK uses gas to make 45% of its electricity.
So, what can Fife residents do to reduce their energy consumption and ultimately save money? Continue reading Fife Household Heating Bills Set to Rise to £254,094,230 in 2022 (Watch/read/listen)
FIND OUT HOW MUCH YOUR HOME IS WORTH
TAP HERE TO BOOK A FREE SALES/RENTAL VALUATION
OR GET AN
c/o 9 Mitchell Street,
Leven,
KY8 4HJ
97 Bonnygate,
Cupar
KY15 4LG
9 Mitchell Street,
Leven,
KY8 4HJ
c/o 9 Mitchell Street,
Leven,
KY8 4HJ
c/o Bitwise Group
Crescent House, Carnegie Campus
Dunfermline KY11 8GR
c/o 97 Bonnygate,
Cupar,
KY15 4LG
Each office is independently owned and operated
Fife Properties Ltd. | Copyright © 2015 - 2024 | Privacy Policy
Letting Agent Registration Number: LARN2003004
