Month: January 2023

Fife Property Market Update: February 2023 (Watch/Read/Listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/Fife-Property-Market-Update-February-2023-e1ual1p

 

#fifeproperty #interestrates #fifepropertymarket #inflation #movinghome

  • With the Bank of England raising interest rates and inflation high, what is happening in the Fife property market?

 

  • Are properties selling in Fife? And if so, what is selling?

 

  • What will happen to the value of your Fife home?

 

  • Read the article to find out what is happening to the Fife property market.

 

As we enter February, the Fife (and British) property market is full of mixed messages.

 

Whilst the Bank of England increased the base rate nine times in 2022, meaning they are now at 3.5% (3% higher than 12 months ago), mortgage rates are now dropping.

 

(more…)

UK House Price Index – December 2022 (Watch/Listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/Zoopla-UK-House-Price-Index–December-2022-e1u96tg 

 

  • House price growth ground to a standstill in Q4 2022, dragging the annual rate of house price inflation lower to +6.5%

 

  • Most regions registered small price falls in Q4 2022

 

  • Demand has rebounded to pre-pandemic levels, in line with 2018 and 10% higher than in 2019

 

  • It’s going to be a slow start to Q1. Early buyers are focusing on flats with a shift away from houses in response to higher borrowing costs and the hit to buying power

 

  • We expect demand to improve further in the coming months as mortgage rates continue to fall and would-be movers realise that large price falls are unlikely to materialise

 

 

FIFE PROPERTY MARKET UPDATE – 22ND – 28TH JAN 2023 (Watch/Listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–22ND–28TH-JAN-2023-e1u66j0

 

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:

 

FP TV (EP 127) WIN OVER THE MARKET: Five reasons why you’re better off selling your Fife home when prices cool

How do you feel about the property market right now?

It’s peak prediction season in the press, with daily claims from experts that house prices are about to fall off a cliff, stagnate or even slowly rise. We know that most of these predictions will be wrong, but which ones?

(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/win-over-the-market-five-reasons-why-youre-better-off-selling-your-fife-home-when-prices-cool/

 

 

Fife Baby Boomers and their 22,088 Spare ‘Spare’ Bedrooms

Whilst we are around 12 months away from receiving the results of the Scottish 2022 Census, south of the border – as their census was in 2021 – the results are starting to come out.

One interesting statistic is the growth of number of spare bedrooms and spare ‘spare’ bedrooms between the 2011 and 2021 Census.

Britain has over 8 million households with 2 or more spare bedrooms, most owned by Baby Boomers. Should the Government force them out or should the Government mind their own business?

(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/fife-baby-boomers-and-their-22088-spare-spare-bedrooms/

 

 

The Four Different Types of Landlords – Which One Are You?

Whether you’re a landlord with a single shoe-box-sized studio or an empire of thousands of homes, a good letting agent can save you time and money.

Here’s a list of four different types of landlords and an outline of how a letting agent can help.

(Watch/read/listen) https://www.fifeproperties.co.uk/blog/the-four-different-types-of-landlords-which-one-are-you/

 

 

Watch out for the Wealth Creation Show on Monday @ 12.30pm live on these channels:

EP56 THE WEALTH CREATION SHOW: Diary of a Property Investor Part 11

How I lost my first million and the lessons learned. You don’t often get to know how someone failed but when you do you can often learn more from this than their success.

In this episode Jim Parker and Richard Cook are going to talk about the steps that led to Jim losing a million and the lessons learned.

This is the warts and all, laid bare story of Jim’s journey retiring at 38 years old financially free and almost losing it all. We’ll be covering several issues on mental health, depression, addictive personality and suicide which for many might be disturbing and upsetting. If you need help in any way, please free phone The Samaritans on 116 123 or visit https://www.samaritans.org/?nation=scotland

Jim says, “It’s amazing that you’re judged a success by what people see, when they have no idea what is happening deep down within that person. If the next chapter in my story helps one person, it will have all been worth it”.

https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-diary-of-a-property-investor-part-11/

 

If you’ve missed the previous shows you can catch up on our play list:

 

https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9

 

If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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.

The Four Different Types of Landlords – Which One Are You? (Watch/read/listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/The-Four-Different-Types-of-Landlords–Which-One-Are-You-e1u3ri8 

 

The Four Different Types of Landlords – Which One Are You?

 

Whether you’re a landlord with a single shoe-box-sized studio or an empire of thousands of homes, a good letting agent can save you time and money.

 

Here’s a list of four different types of landlords and an outline of how a letting agent can help. (more…)

EP56 THE WEALTH CREATION SHOW: Diary of a Property Investor Part 11 (Watch/Listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/EP56-THE-WEALTH-CREATION-SHOW-Diary-of-a-Property-Investor-Part-11-e1u7837

 

This is the warts and all, laid bare story of Jim’s journey retiring at 38 years old financially free and almost losing it all. We’ll be covering several issues on mental health, depression, addictive personality and suicide which for many might be disturbing and upsetting. If you need help in any way, please free phone The Samaritans on 116 123 or visit https://www.samaritans.org/?nation=scotland

Jim says, “It’s amazing that you’re judged a success by what people see when they have no idea what is happening deep down within that person. If the next chapter in my story helps one person, it will have all been worth it”.

If you’ve missed the previous shows you can catch up on our play list:

https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9

 

If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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 127) WIN OVER THE MARKET: Five reasons why you’re better off selling your Fife home when prices cool (Watch/Read/Listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/FP-TV-EP-127-WIN-OVER-THE-MARKET-Five-reasons-why-youre-better-off-selling-your-Fife-home-when-prices-cool-e1u4jv1

 

How do you feel about the property market right now?

 

It’s peak prediction season in the press, with daily claims from experts that house prices are about to fall off a cliff, stagnate or even slowly rise. We know that most of these predictions will be wrong, but which ones?

 

(more…)

Fife Baby Boomers and their 22,088 Spare ‘Spare’ Bedrooms (Watch/Read/Listen)

 

 

PODCAST: https://anchor.fm/fife-properties/episodes/Fife-Baby-Boomers-and-their-22-088-Spare-Spare-Bedrooms-e1u08pm

 

Whilst we are around 12 months away from receiving the results of the Scottish 2022 Census, south of the border – as their census was in 2021 – the results are starting to come out.

 

One interesting statistic is the growth of number of spare bedrooms and spare ‘spare’ bedrooms between the 2011 and 2021 Census.

 

I therefore wanted to apply that average south of the border growth in those types of bedrooms to the results from 2011 in Fife. Of course, I am making certain assumptions – yet what I am seeing in the local property market, I don’t think they are too far off the mark.

(more…)

FIFE PROPERTY MARKET UPDATE – 15TH – 21ST JAN 2023 (Watch/Listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–15TH–21ST-JAN-2023-e1troq3

 

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:

 

EP 126 HOW TO BECOME A LANDLORD: Our Top Tips to Build a Portfolio of Five or More Buy to Lets

 

2022 saw the highest proportion of property sales to investors since 2016, with landlords accounting for 12.2% of the sales that year and 19% of the overall UK housing stock. Surprised? Well, it’s not so unbelievable when you look at what’s happening.

 

Lettings Director Richard Cook along with one of the UK’s most successful Property Investors, Jim Parker (who will more than likely share some of his secrets)

 

(Watch/read/listen) https://www.fifeproperties.co.uk/blog/how-to-become-a-landlord-our-top-tips-to-build-a-portfolio-of-five-or-more-buy-to-lets/

 

 

 

SCOTTISH & FIFE House Price Statistics Nov 2022

Jim Parker provided an update on the latest released statistics for the housing market for Nov 2022 plus a few predictions for the coming year.

(Watch/Listen) https://www.fifeproperties.co.uk/blog/scottish-and-fife-house-price-statistics-nov-2022/

 

 

 

Watch out for the Wealth Creation Show on Monday @ 12.30pm live on these channels:

 

EP55 THE WEALTH CREATION SHOW: Diary of a Property Investor Part 10

How I made my first million and the lessons learned. In this series Jim Parker and Richard Cook are going to take you through the steps by step approach that took Jim from homeless and unemployed in his early 20’s to retiring at 38 years old a millionaire and financially free.

This is the warts and all, laid bare story of Jim’s journey from the beginning. From his struggle with the school system, pivotal moments and key points that led to a change in direction, reprograming his mind for success, how he worked a full-time job while building a property empire as a side hustle and all the lessons learned from buying his first 30 properties including the massive mistakes and monumental victories.

Jim says, “Anyone could have done this, most weren’t prepared to pay the price. If my journey serves as a lesson to help other people get there quicker with less mistakes, it’s been worth telling the story. For some this will literally be a blueprint for success”

https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-diary-of-a-property-investor-part-10/

 

If you’ve missed the previous shows you can catch up on our play list:

 

https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9

 

If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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.

 

EP 55 THE WEALTH CREATION SHOW: Diary of a Property Investor Part 10 (Watch/Listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/EP55-THE-WEALTH-CREATION-SHOW-Diary-of-a-Property-Investor-Part-10-e1tt0vf

 

How I made my first million and the lessons learned. In this series Jim Parker and Richard Cook are going to take you through the steps by step approach that took Jim from homeless and unemployed in his early 20’s to retiring at 38 years old a millionaire and financially free.

This is the warts and all, laid bare story of Jim’s journey from the beginning. From his struggle with the school system, pivotal moments and key points that led to a change in direction, reprograming his mind for success, how he worked a full-time job while building a property empire as a side hustle and all the lessons learned from buying his first 30 properties including the massive mistakes and monumental victories.

Jim says, “Anyone could have done this, most weren’t prepared to pay the price. If my journey serves as a lesson to help other people get there quicker with less mistakes, it’s been worth telling the story. For some this will literally be a blueprint for success”

 

If you’ve missed the previous shows you can catch up on our play list:

 

https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9

 

If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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.

 

SCOTTISH AND FIFE House Price Statistics Nov 2022 (Watch/Listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/SCOTTISH–FIFE-House-Price-Statistics-Nov-2022-e1tm62j 

 

Average house prices in Scotland increased by 5.5% (Fife 6.2%) in the year to November 2022, increasing slower than average UK house prices (10.3%) and down from 7.9% (Fife 9.3%) in the year to October 2022.

 

On a non-seasonally adjusted basis, average house prices in Scotland decreased by1.2% between October and November 2022, compared with an increase of 1.1%during the same period last year. On a seasonally adjusted basis, average house prices in Scotland decreased by 0.8% between October and November 2022.

 

Comparing the provisional volume estimate for September 2021 with the provisional volume estimate for September 2022, the volume of transactions increased by 6.6% in Scotland (Fife 14.8%) and increased by 26.6% in the UK.

 

In Scotland, detached houses showed the largest annual percentage change out of all property types, increasing by 7.9% in the year to November 2022 to £349,000. Flats and maisonettes showed the lowest annual percentage change, which increased by1.8% in the year to November 2022 to an average price of £129,000.

 

The highest annual percentage change was in Midlothian, where average house prices increased by 13.2% in the year to November 2022 to £246,000. The lowest annual percentage change was in City of Aberdeen, where average house prices decreased by 4.7% in the year to November 2022 to £140,000.

 

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.