Day: March 23, 2023

EP 64 THE WEALTH CREATION SHOW: Create Wealth in a Challenging Economy (Watch/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/EP64-THE-WEALTH-CREATION-SHOW-Create-Wealth-in-a-Challenging-Economy-e217iqs 

 

EP64 THE WEALTH CREATION SHOW: Create Wealth in a Challenging Economy

There can be ups and downs in an economy and these affect the earning and investment levels of the nation.

Recession is the economic hardship that reflects the slowdown of the economy, this is risky as businesses collapse and people lose their employment.

So how do you create wealth in a challenging economy?

 

Luckily, you don’t need to head back to school to understand this as Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to take you through ways to continue creating wealth throughout times of a challenging economy by safeguarding your earnings source, enhance your savings and continuing to invest for the future.

 

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 [email protected]

This is all about accelerating blankyour 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.

UK House Price Index Scotland & Fife January 2023  (Watch/Listen)

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/UK-House-Price-Index-Scotland–Fife-January-2023-e210ppu

Headline statistics for January 2023

Average house prices in Scotland increased by 1.0% in the 12 months to January2023. This was down from 5.1% in the 12 months to December 2022 and was slower than the average UK house price annual inflation of 6.3% in the 12 months to January2023. Scotland’s annual house price inflation has generally been slowing since the recent peak of 13.8% in the 12 months to April 2022. Scotland’s annual inflation slowed this month because average Scotland house prices fell in January 2023, but rose in the same period a year ago.

 

On a non-seasonally adjusted basis, average house prices in Scotland decreased by0.5% between December 2022 and January 2023, compared with an increase of3.4% during the same period 12 months ago. On a seasonally adjusted basis, average house prices in Scotland decreased by 1.3% between December 2022 and January 2023.

 

Comparing the provisional volume estimate for November 2021 with the provisional volume estimate for November 2022, the volume of transactions decreased by 6.2% in Scotland and increased by 45.8% in the UK.

 

In Scotland, detached houses showed the largest annual percentage change out of all property types, increasing by 3.1% in the 12 months to January 2023 to £341,000. Flats and maisonettes showed the lowest annual percentage change, which decreased by 1.8% in the 12 months to January 2023 to an average price of £124,000.

 

The highest annual percentage change was in Clackmannanshire, where average house prices increased by 12.4% in the 12 months to January 2023 to £172,000. The lowest annual percentage change was in City of Aberdeen, where average house prices decreased by 4.4% in the 12 months to January 2023 to £137,000.

 

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.