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:
FPTV (EP 216) RENTING OUT YOUR HOME: Getting it right for legal, financial and personal peace of mind
Whether by plan or by accident, renting out your own home could be better for you than selling.
Perhaps you’re relocating for work, heading off on an exciting adventure, or looking to create an extra income stream while moving on somewhere else.
Lettings Director Richard Cook and Jim Parker discuss this topic and provide their expert knowledge with useful hints and tips.
(Watch/read/listen) https://www.fifeproperties.co.uk/blog/renting-out-your-home-getting-it-right-for-legal-financial-and-personal-peace-of-mind
1 in 15.2 Fife Home Sellers Lower Their Asking Price Every Month
Did you know that 1 in 15.2 Fife homeowners reduce their asking price every month? With the number of Fife homes for sale rising sharply in recent years, understanding how to strategically position your home is more crucial than ever. Discover the 6 key insights to decide if you need to reduce your asking price and sell faster.
Jim Parker and Sophie Gibbens discuss this topic and provide helpful advice.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/1-in-15-2-fife-home-sellers-lower-their-asking-price-every-month/
Zoopla UK House Price Index – SEPTEMBER 2024
Executive summary
- Lowest mortgage rates for 15 months boost sales market activity
- Buyer demand and sales agreed up by over a quarter since 2023
- Buyers remain price-sensitive, which is keeping price rises in check
- UK house prices up 0.7%, from -0.3% a year ago
- House prices are rising by up to 2.5% in more affordable areas
- Almost a third of homes for sale are ‘chain-free’ as investors and second home owners sell in face of recent and possible tax changes
- Some coastal and rural areas see supply of homes for sale up 40% on last year
- The outlook is for modest price growth and steady growth in sales
(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-september-2024/
EP 144: THE WEALTH CREATION SHOW: Wealth Preservation
Wealth preservation is an essential but often skipped step between wealth creation and wealth transfer.
Whereas wealth creation focuses on high-yield or long-term investments for cash flow, wealth preservation helps protect investments so they can be passively managed, appropriately withdrawn, and protected from inflation.
Do you want to know how proper wealth preservation protects the value of your assets through various financial management and tax strategies?
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.
(Watch/Listen) https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-wealth-preservation/
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 richard.cook@fifeproperties.co.uk
This is all about accelerating your wealth in 2024.
*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.
