PODCAST: https://anchor.fm/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE-30th-Jan–5th-Feb-2022-e1e16bq
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 is: Continue reading FIFE PROPERTY MARKET UPDATE 30th Jan – 5th Feb 2022 (Watch/Read/Listen)
PODCAST: https://anchor.fm/fife-properties/episodes/Fife-Houses-Prices-up-14-8-in-the-last-Year-e1bojad
The UK House Price index has been released for October 2021 and it makes interesting reading.
House prices in Fife have increase 14.8% (down from last month of 15.6%) as opposed to the Scottish Average of 11.3%.
The average house price is now £164,623 (last month £161,922), an increase of £21,255 over the year.
Fife seems to still be more affordable than other areas of the country as you can see by the graph below: Continue reading Fife Houses Prices up 14.8% in the last Year! (watch/read/listen)
There are 5 fundamental reason why property prices will continue to climb in 2022 and this is why property is one of the best performing asset classes bar none.
If you want more info or fancy a chat message me direct. If you want to find out what your property is really worth click on my instant valuation tool. It literally takes less than 1 minute: https://valuation.fifeproperties.co.uk/home/2062
#PropertyInvestment #Inflation #HousingBoom
PODCAST: https://anchor.fm/fife-properties/episodes/Fife-House-Prices—The-Effect-of-Rising-Inflation-e1b4vvf
House prices tend to rise with inflation, so with UK annual inflation hitting 4.2% last week, that’s good news, isn’t it? Yes and no – let me explain what it means for Fife homeowners.
The year-on-year cost of living rose by 4.2% in October, its highest rate in almost a decade. This jump in prices (inflation), pushed mainly by increasing fuel and energy costs, placing further pressure on Fife household budgets.
So, what will this rise in inflation mean to Fife house prices? Continue reading Fife House Prices – The Effect of Rising Inflation (watch/read/listen)
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)
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)
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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