Selling Archives - Fife Properties
Fife Properties

DECLUTTER FOR GOOD: Start Your 2021 With A Room By Room Reset (4 min read)

The weeks either side of New Year always involve some sort of clearing out. Whether you’ve hosted over the season, been a guest somewhere else or stayed at home for a quiet one, there are cards, wrapping, boxes and bottles to throw out, and decorations to take down and put away. Continue reading DECLUTTER FOR GOOD: Start Your 2021 With A Room By Room Reset (4 min read)

WINTER GARDENS: How to make a wonderland at home in FIFE (3 min read)

Gardens get a raw deal at Christmas. While everyone’s thinking about getting together with family and friends, gardens and balconies are left out in the cold, cut off and forgotten behind the curtains with not so much as a passing glance before March. Continue reading WINTER GARDENS: How to make a wonderland at home in FIFE (3 min read)

STANDING APART: 5 Tips for Selling in a crowded market in Fife! (4 min read)

The revival of the Fife property market is an inescapable news story right now, with a surge of interest across the UK.

 

While it’s excellent news for sellers, the high demand from Fife buyers is more than mirrored by the increased supply of Fife property, making it more of a challenge for people to get their home noticed: whether you are about to put your Fife property up for sale, or if your home has been on the market for some time, one thing for sure is that you are certainly not alone. Continue reading STANDING APART: 5 Tips for Selling in a crowded market in Fife! (4 min read)

Top Tips On Moving Home For Fife Homeowners (3 min read)

You have found your new property and are excited to finally have the keys in your hand – now you just need to move your possessions from your old home into the new model. We have put together some top tips to make this process as stress-free as possible.

Continue reading Top Tips On Moving Home For Fife Homeowners (3 min read)

Step By Step How To Sell Your House In Fife!

Are you looking to sell in Fife? Sometimes it’s hard knowing where exactly to start. Our step by step guide might look like a lot of information but it can really be a good reference point to help you during this process.

Continue reading Step By Step How To Sell Your House In Fife!

Spring Selling Tips For 2020 In Fife: How To Prepare And Present Your Home For Prime Selling Season

Spring is usually the time of year when the largest numbers of buyers start registering with estate agents to find their next home. And with two long school holiday periods on the horizon – Easter and Summer – family friendly locations like Dunfermline, Glenrothes, Leven, Cupar, Kirkcaldy, East Neuk and St Andrews see a lot of property market activity.

Continue reading Spring Selling Tips For 2020 In Fife: How To Prepare And Present Your Home For Prime Selling Season

Top Tips on Downsizing to a Smaller Home

For a lot of older homeowners today, downsizing can be a great way to have a good clear out after your kids have left home, but also a fantastic way to free up some equity from your home. This financial boost will most likely come with the added bonus of a reduction in running costs as you move to a smaller home.

While there are plenty of benefits of downsizing, moving home can still be a complex and stressful experience, so we’ve put together a quick guide on what to consider to help make your move a much smoother transition.

Decide what you REALLY need Continue reading Top Tips on Downsizing to a Smaller Home

Unemployment – The Secret Driver of the Fife Property Market?

If you have spoken to us on this subject previously, you will know that in the three years since the referendum of the ‘B’ word (that word is banned in our household), we have proved beyond doubt that it (whose name shall remain nameless) has had no effect on the Fife property market (or the UK as a whole).

So one might ask, what does affect the property market locally? Well many things on the demand side include wages, job security, interest rates, availability of mortgages, confidence in the economy, inflation, speculative demand … the list goes on. Yet as my blog readers will note, I like to delve deeper into the numbers and I have found an interesting correlation between unemployment and the number of properties sold (i.e. transactions).

Why transaction levels and not house prices? Well just looking at Fife house prices as a bellwether has flaws. Many property market commentators and economists believe transaction numbers (the number of properties sold) give a more accurate and candid indicator of the health of the property market than just house values alone. The reason is twofold. First most people when they sell also buy, so if property values have dropped by 10% or risen by 10% on the one you are selling, it would have done the same on the one you are buying – meaning to judge the health of a property market is very one dimensional. Secondly, the act of moving is very much a human thing. Property habitually conveys a robust emotional connection with homeowners – a connection that few would attribute to their other investments like their savings or stock market investments. Moving home could be described as a human enterprise, moving from one chapter of one’s life to another. When people move home, it shows they are moving forward in their lives and so this gives a great indicator of the health of the property market.

 

Looking at Fife’s figures on the graph, you can see an inverse relationship between unemployment and housing transaction levels.

Property transactions in Fife dropped by 55.6%, whilst unemployment in Fife rose by 54.29% during the 2007 to 2009 Global Financial Crash

Until recently, there has clearly been a relationship between conditions in the Fife job market and the number of people who move home … interesting don’t you think?

Now I am not saying unemployment is the only factor influencing the Fife property – but it has to be said there is a link.

 

As a country (and indeed here in Fife) over the last 40 years, we have seen a shift in the outlook over the purpose of housing and the development of the religion of following house prices (and I appreciate the irony of me writing these articles on Fife – feeding that habit!) Yet, when did owning a home turn from buying a roof over your head to an out and out investment vehicle? I do wish people would stop fretting about their intrinsic value being associated with their Fife home. Now of course, I am not dismissing the current levels of Fife house prices – we just have to take into consideration other metrics alongside them when judging the health of the property market locally.

 

One final thought, looking on a broader scale in the UK, those towns and cities whose property markets bounced back after the Global Financial Crash had high levels of employment and low unemployment whilst places with high unemployment and relatively low employment have, on the other hand, typically under performed.

So, the next time you are considering a house move or buying a buy to let property in Fife … don’t make your judgement on house price growth alone.

What Has Happened to the Fife Property Market Since the Crash?

A handful of Fife landlords and homeowners have been asking me what would happen if we had another property crash like we did in 2008/9?

The UK property crash in 2008/9 caused property prices in the UK to drop by an average of 18.37% in a period of 16 months.

Continue reading What Has Happened to the Fife Property Market Since the Crash?

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