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 167) IS YOUR HOME PERFORMING? Unlocking the secrets of your Rightmove results report
With more than 9 out of 10 buyers searching for a property online, the way your home appears on websites like Rightmove and Zoopla directly impacts your chances of a sale.
But the portals are more than just pages and pages of property. They gather valuable data that shows how well your home is competing with similar listings, and why it may not be selling.
Jim Parker and Richard Cook provide insight into this data as they discuss this week’s topic
Implications of Steady Interest Rates for Fife Homeowners
The Bank of England has held the interest rates at 5.25% for the second consecutive time.
This decision, welcomed by many, especially hints at a semblance of stability for homeowners and prospective buyers in Fife.
The widely anticipated move came on the heels of September’s inflation figures, which remained steady at 6.7%, alleviating some pressure off the Bank’s Monetary Policy Committee.
So what does this mean for Fife Homeowners?
THE RESURGENCE OF FIFE’S SEMI-DETACHED HOUSES:
…a 73% Price Surge in 16 Years
An article about Fife’s semi-detached houses and how they have performed over the years together with why they are so popular with Fife people, and why they will continue to be in the future.
If you are a Fife homeowner or landlord and interested in a Semi-Detached home in Fife, click on the link to read the article.
Zoopla UK House Price Index – OCTOBER 2023
- House price inflation has slowed from 9.6% to -1.1% over the last year
- 4 in 5 housing markets are registering small annual price falls
- Regulation of mortgage lending has built market resilience to higher mortgage rates although household buying power remains lower
- Transactions have been hit hardest and will be 23% lower than 2022
- First-time buyers and cash buyers account for 2 in 3 sales in 2023
- Low price falls and 5% mortgage rates mean housing is still expensive
- We expect UK house prices to fall 2% over 2024 as rising incomes steadily repair housing affordability
- 2024 is set for another year of 1m sales. This could be higher if mortgage rates fall back towards 4% sooner than expected in 2024
Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:
EP 96: The Wealth Creation Show: The 5 Most Powerful Laws in The World!
There are these 5 laws of the world that I’m sure some of you might have heard of, it’s just that you never knew that they were called the biggest laws in the world.
People use these laws and try to live by them in every phase of their life.
Do you live by important laws of the world, or do you want to know what these 5 important laws are?
If you haven’t heard of them from anyone else let us share them with you!
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’ve missed the previous shows you can catch up on our channel: https://www.youtube.com/@WealthCreationShow
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 email@example.com
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.