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 173) SELLING IN WINTER: How to play to the season’s strengths to move home in spring
If you want to move home in spring, winter is the time to get it live on the market, but does anyone actually buy at this time of year? Well, yes, they do.
Jim Parker and Perrie McIntosh discuss this subject and provide guidance to help you get prepared for moving.
EP 102: The Wealth Creation Show: What can we Learn from Other People’s Success?
Learning from others who are more successful is a key element to leveraging yourself in your relevant field and generally in life.
During Jim’s recent adventure he was lucky enough to have had the opportunity to spend time with very successful people like Billionaire Entrepreneur Richard Barnson and Jamie Siminoff – the founder of the billion-dollar company Ring.com!
In this week’s show we are going to explore what he learned from these highly successful people.
Do you want to know the benefits of the knowledge from your peers and learning from more successful people?
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 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 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.
FP TV EP 136 RENTING TO SHARERS: How to Prepare Your Property and Get The Legals Right
Demand for rental homes rose by around 25% in 2022, and competition among tenants is hotter than ever as potential buyers wait and see what house prices will do. As rents continue to rise from a shortage of property, more and more young professional adults are looking to share a rental home in Fife to save on costs without living in a tiny space.
Rental growth is close to peaking at 12.3% per annum. Average rents have risen by £115 per month over the last year to £1,051
London’s rental growth, at 17.8%, is unsustainable and reflects a rebound in rents after a double-digit decline over the pandemic
Rising rents are adding to cost-of-living pressures, pushing renters to look for smaller homes –demand for 2-bed flats has increased
The shift to smaller homes is being re-enforced by rising energy costs, with the gas needed to heat a purpose-built flat 40% lower than that for a 3-bed house
The chronic undersupply of rental homes shows no sign of changing, which means that rents will continue to post above average growth rates into 2023 despite cost-of-living headwinds