Day: December 20, 2023

EP 103:The Wealth Creation Show: Does Your Time Equal Money? (Watch/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/EP103-The-Wealth-Creation-Show-Does-Your-Time-Equal-Money-e2dlad5

 

The concept of “Time-Equals-Money” is a common phrase used in today’s society to convey the idea that time is a valuable resource that should be spent wisely.

By understanding the Time-Equals-Money concept, you can learn to prioritise your time, set goals, and work more efficiently.

Do you utilise your time in a cost-effective way? Or would you like to learn more on how?

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’ve missed the previous shows you can catch up on our channel: https://www.youtube.com/@WealthCreationShow

 

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 [email protected]

 

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.

 

UK House Price Index Scotland and Fife: October 2023 (Watch/Listen)

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/UK-House-Price-Index-Scotland-and-Fife-October-2023-e2dinb6

 

Economic statement

Average house prices in Scotland increased by 0.2% (provisional estimate) in the 12 months to October 2023. This was down from 0.8% (revised estimate) in the 12 months to September 2023 and was faster than the average UK house price annual inflation of negative 1.2% (provisional estimate) in the 12 months to October 2023.

On a non-seasonally adjusted basis, average house prices in Scotland decreased by 0.5% between September 2023 and October 2023, compared with an increase of 0.1% during the same period 12 months ago. On a seasonally adjusted basis, average house prices in Scotland decreased by 0.3% between September 2023 and October 2023.

Comparing the provisional UK HPI volume estimate for August 2022 with the provisional UK HPI volume estimate for August 2023, the volume of transactions decreased by 11.2% in Scotland and by 16.2% in the UK.

In Scotland, detached houses showed the highest annual percentage change out of all property types, increasing by 2.0% in the 12 months to October 2023 to £350,000. Flats and Maisonettes showed the lowest annual percentage change, which decreased by 1.8% in the 12 months to October 2023 to an average price of £128,000.

The highest annual percentage change was in Clackmannanshire, where average house prices increased by 11.2% in the 12 months to October 2023 to £180,000. The lowest annual percentage change was in West Lothian, where average house prices decreased by 4.5% in the 12 months to October 2023 to £203,000.

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.