November 28, 2023 - Fife Properties

FP TV (EP 171) GOING NOWHERE: Is your asking price or estate agent holding up your sale? (Watch/Read/Listen)

Jim Parker November 28, 2023

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FP-TV-EP-171-GOING-NOWHERE-Is-your-asking-price-or-estate-agent-holding-up-your-sale-e2cn669

If your home has been on the market for a while, something probably needs to change to get your move underway.

The latest government figures show the market performing at about 80% of last year, with transactions in September 2023 around 18% down from September 2022.

So, given that buyers are still buying, why are so many homes not selling? Are the owners getting in their own way of moving, or could they be receiving the wrong advice?

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FIFE PROPERTY MARKET: Which homes are selling the best? (Watch/Read/Listen)

Jim Parker November 28, 2023

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-Which-homes-are-selling-the-best-e2ckbm3

Inflation, interest rates, house prices down, house prices up … the newspapers are full of column inches on Brit’s second favourite topic – the property market (the first being the weather obviously!).

Those of you that read my articles on the Fife property market know I like to look further afield to compare the Fife market with the regional and national markets. The one thing that is immediately apparent is that the UK does not have one property market.

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Zoopla UK House Price Index – NOVEMBER 2023 (Watch/Read/Listen)

Jim Parker November 28, 2023

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/Zoopla-UK-House-Price-Index–NOVEMBER-2023-e2chksf

Executive summary

UK house price inflation slows to -1.2%, down from 8.2% a year ago
Price falls extend across country, but declines remain modest
No acceleration of price falls in markets with highest values
Greater realism on pricing supporting new sales volumes which are 15% higher than a year ago and 5% up on 2019 levels
Homes for sale touches a 6-year high boosting choice and reenforcing the buyer’s market and downward pressure on prices
Sellers accepting 5.5% off the asking price to agree sales, an average discount of £18,000 – the largest gap for over 5 years
Discounts to asking prices for agreed sales are 6.1% in London and the South East (£25,000) and 4.8% (or £11,000) for rest of UK

Day: November 28, 2023

FP TV (EP 171) GOING NOWHERE: Is your asking price or estate agent holding up your sale? (Watch/Read/Listen)

FIFE PROPERTY MARKET: Which homes are selling the best? (Watch/Read/Listen)

Zoopla UK House Price Index – NOVEMBER 2023 (Watch/Read/Listen)

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/Zoopla-UK-House-Price-Index–NOVEMBER-2023-e2chksf

Executive summary

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