FIFE PROPERTY MARKET UPDATE – 17th – 23rd Dec 2023 (Watch/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–17th–23rd-Dec-2023-e2dkot7

 

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 174: LANDLORD XMAS BREAK: Tips to take some time off and recharge over the holidays

To be a landlord is to be an entrepreneur, and to be an entrepreneur is to never really shut off. But we all need a break sometimes, and if you’ve been juggling work, your rental property, and looking after a family, now is the moment to take a breather. Christmas is the one time of year when the entire country shuts down, which makes it an ideal moment to step back and recharge for the new year from a business and personal perspective.

(Watch/read/listen) https://fifeproperties.co.uk/blog/landlord-xmas-break-tips-to-take-some-time-off-and-recharge-over-the-holidays/

 

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FPTV (EP 174) LANDLORD XMAS BREAK: Tips to take some time off and recharge over the holidays (Watch/Read/Listen)

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FPTV-EP-174-LANDLORD-XMAS-BREAK-Tips-to-take-some-time-off-and-recharge-over-the-holidays-e2djq2a

To be a landlord is to be an entrepreneur, and to be an entrepreneur is to never really shut off.

 

But we all need a break sometimes, and if you’ve been juggling work, your rental property, and looking after a family, now is the moment to take a breather.

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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.

 

FIFE PROPERTY MARKET UPDATE – 10th – 16th Dec 2023 (Watch/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–10th–16th-Dec-2023-e2dbp0k

 

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 173) SELLING IN WINTER: How to play to the season’s strengths to move home in spring

 

If you want to move home in spring, winter is the time to get it live on the market, but does anyone actually buy at this time of year? Well, yes, they do.

 

Jim Parker and Perrie McIntosh discuss this subject and provide guidance to help you get prepared for moving.

 

(Watch/Read/Listen)  https://fifeproperties.co.uk/blog/selling-in-winter-how-to-play-to-the-seasons-strengths-to-move-home-in-spring/

 

 

 

ZOOPLA UK Rental Market Report – December 2023

 

Executive summary

 

  • The UK is past peak rental growth. We expect annual UK rental growth to halve over 2024 to 5%, the lowest growth since 2021.

 

  • London will lead the slowdown with rents expected to increase by just 2% over 2024 as affordability pressures impact demand.

 

  • Demand is weakening slowly off a high base, down 11% year on year, but still a third higher than the 5-year average.

 

  • There are signs asking rents have overshot in some markets, evidence of growing resistance to higher rents.

 

  • The supply-demand imbalance in rented housing is not going to disappear in 2024 but the market will become more into balanced.

 

  • Rents in regional markets are set to out-perform where affordability is less of a constraint on rental growth.

 

(Watch/Listen) https://fifeproperties.co.uk/blog/zoopla-uk-rental-market-report-december-2023/

 

 

 

EP 102: The Wealth Creation Show: What can we Learn from Other People’s Success?

Learning from others who are more successful is a key element to leveraging yourself in your relevant field and generally in life.

During Jim’s recent adventure he was lucky enough to have had the opportunity to spend time with very successful people like Billionaire Entrepreneur Richard Barnson and Jamie Siminoff – the founder of the billion-dollar company Ring.com!

In this week’s show we are going to explore what he learned from these highly successful people.

Do you want to know the benefits of the knowledge from your peers and learning from more successful people?

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://fifeproperties.co.uk/blog/the-wealth-creation-show-what-can-we-learn-from-other-peoples-success/

 

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.

 

NAVIGATING THE FIFE PROPERTY MARKET: The Art of Pricing Properties Right (Watch/Read/Listen)

 

 

PODCAST:  https://podcasters.spotify.com/pod/show/fife-properties/episodes/NAVIGATING-THE-FIFE-PROPERTY-MARKET-The-Art-of-Pricing-Properties-Right-e2dhbnk

 

As we stand at the threshold of 2024, facing economic uncertainties and a shifting housing landscape, the significance of correct pricing in Fife’s property market has never been more pronounced.

 

This comprehensive guide delves into the crucial aspects of property pricing and its profound impact on the property market transaction process.

 

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EMBARKING ON THE LANDLORD JOURNEY: Insights for Aspiring and Seasoned Landlords in Fife (Watch/Read/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/EMBARKING-ON-THE-LANDLORD-JOURNEY-Insights-for-Aspiring-and-Seasoned-Landlords-in-Fife-e2dfuop

 

Property investment has long been a staple in British retirement planning.

 

The introduction of the buy-to-let mortgage over a quarter-century ago marked a significant turn, presenting opportunities for dual returns: rental income in the short-term and capital growth in the long-term. You can see why there are a substantial number of Fife landlords who view property investment as a cornerstone of their retirement strategy.

 

However, this path is full of challenges. Recent shifts in tax and regulatory landscapes, coupled with escalating interest rates, have imposed pressures on profitability, compelling some landlords to reconsider their positions. Thus, becoming a landlord in Fife necessitates meticulous research and a strategic approach.

 

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EP 102: The Wealth Creation Show: What can we Learn from Other People’s Success? (Watch/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/EP-102-The-Wealth-Creation-Show-What-can-we-Learn-from-Other-Peoples-Success-e2dd2dv

 

Learning from others who are more successful is a key element to leveraging yourself in your relevant field and generally in life.

During Jim’s recent adventure he was lucky enough to have had the opportunity to spend time with very successful people like Billionaire Entrepreneur Richard Barnson and Jamie Siminoff – the founder of the billion-dollar company Ring.com!

In this week’s show we are going to explore what he learned from these highly successful people.

Do you want to know the benefits of the knowledge from your peers and learing form more successful people?

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.

 

 

ZOOPLA UK Rental Market Report – December 2023 (Watch/Read/Listen)

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/ZOOPLA-UK-Rental-Market-Report–December-2023-e2d8hh9

Executive summary

 

  • The UK is past peak rental growth. We expect annual UK rental growth to halve over 2024 to 5%, the lowest growth since 2021.

 

  • London will lead the slowdown with rents expected to increase by just 2% over 2024 as affordability pressures impact demand.

 

  • Demand is weakening slowly off a high base, down 11% year on year, but still a third higher than the 5-year average.

 

  • There are signs asking rents have overshot in some markets, evidence of growing resistance to higher rents.

 

  • The supply-demand imbalance in rented housing is not going to disappear in 2024 but the market will become more into balanced.

 

  • Rents in regional markets are set to out-perform where affordability is less of a constraint on rental growth.

 

SELLING IN WINTER: How to play to the season’s strengths to move home in spring (Watch/Read/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FPTV-EP-173-SELLING-IN-WINTER-How-to-play-to-the-seasons-strengths-to-move-home-in-spring-e2daq1g

 

If you want to move home in spring, winter is the time to get it live on the market, but does anyone actually buy at this time of year? Well, yes, they do.

 

It’s true that activity levels are lower, mainly down to people waiting till spring to put their homes up for sale, but that gives winter sellers a number of unsung advantages.

 

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