FIFE PROPERTY MARKET UPDATE – 30th JUL – 5th AUG 2023 (Watch/Listen)

Jim Parker August 5, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–30th-JUL–5th-AUG-2023-e27qafm

 

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:

 

FP TV (EP 154) BUY-TO-LET BOOSTER: Five ways to raise the return on your rental homes

 

Is your buy-to-let as profitable as it could be? Many aren’t. There’s often more mileage in a rental home than many landlords realise, and some of the checks you can make to determine whether your property is a peak performer include:

 

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EP 83 THE WEALTH CREATION SHOW: How to Be Successful in Life (Watch/Listen)

Jim Parker August 5, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/EP-83-THE-WEALTH-CREATION-SHOW-How-to-Be-Successful-in-Life-e27rat6

Success is often defined as the ability to reach your goals in life, whatever those goals may be.

There may not be a perfect combination of ingredients that can guarantee success. Still, there are some basic steps you can follow that can improve your chances of being successful in life, love, work, or whatever happens to be important to you.

So how is success defined? How can you achieve it?

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 is on hand to discuss

 

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 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.

FIFE HOMEOWNERS: Navigating the Latest Interest Rate Rise to 5.25% (Watch/Read/Listen)

Jim Parker August 4, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-HOMEOWNERS-Navigating-the-Latest-Interest-Rate-Rise-to-5-25-e27sbro 

 

Interest rates have risen to 5.25% following a 0.25% increase announced by the Bank of England.

 

This is the 14th consecutive rise and marks the highest interest rates in 15 years.

 

The reason behind these rate hikes is to combat high levels of inflation. The government has set a target of 2% inflation, and the recent inflation rate drop to 7.9% in June has been better than predicted by the markets.

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14 Reasons Not to Fear Fife House Price Drops (Watch/Read/Listen)

Jim Parker August 2, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/14-Reasons-Not-to-Fear-Fife-House-Price-Drops-e27m5ot 

 

The Fife property market experienced a boom between the summer of 2020 and late summer of 2022, fuelled mainly by pandemic-induced trends such as the Land and Building Transaction Tax stimulus, low mortgage rates, the race for space, and the rise of remote working.

 

2023 has presented a different story for the Fife housing market, with cooling demand, rising mortgage rates, and declining home sales from the previous two years.

 

Many Fife homeowners are now concerned about a possible fall in Fife home prices, as the newspapers predict a housing recession. Nonetheless, there are several reasons why homeowners should not fear Fife house price drops.

 

This article will explore 14 key factors that can provide reassurance in uncertain times.

 

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FP TV (EP 154) BUY-TO-LET BOOSTER: Five ways to raise the return on your rental homes (6 min read)

Jim Parker August 1, 2023

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FP-TV-EP-154-BUY-TO-LET-BOOSTER-Five-ways-to-raise-the-return-on-your-rental-homes-e27p3j5

 

Is your buy-to-let as profitable as it could be? Many aren’t.

 

There’s often more mileage in a rental home than many landlords realise, and some of the checks you can make to determine whether your property is a peak performer include:

(more…)

FIFE PROPERTY MARKET UPDATE – 23rd – 29th JULY 2023 (Watch/Listen)

Jim Parker July 29, 2023

 

 

PODCAST:  https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–23rd–29th-JULY-2023-e27i09k

 

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 153) SELL NOW OR WAIT? What’s the right move for you?

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EP 82 THE WEALTH CREATION SHOW: The 10 Secrets to Live a Rich Life (Watch/Listen)

Jim Parker July 29, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/EP-82-THE-WEALTH-CREATION-SHOW-The-10-Secrets-to-Live-a-Rich-Life-e27issu

 

Our brains are wired to focus on the negative and this is no different when it comes to building success and wealth.

There are a few secrets to living a rich life and building your own success without letting the negative hold you back.

Are you able to be thankful without doubt? Do you spend time investing in yourself? Are you using your time wisely to set goals, build assets and scale up?

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 is on hand to discuss

 

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 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 House Price Index – JULY 2023 (Watch/Listen)

Jim Parker July 28, 2023

 

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/Zoopla-UK-House-Price-Index–JULY-2023-e27g2nv

 

Executive summary

 

  • Annual UK house price inflation slows to +0.6%

 

  • Modest annual price falls of up to -2.2% concentrated in southern England and markets with an average price over £300,000

 

  • Affordable markets in economically active areas still registering annual house price inflation of over 3.5%

 

  • Higher mortgage rates have reduced demand by 18% in last 2 months

 

  • Rise in mortgage rates appears close to peaking – likely to return to the 4-5% window this autumn. The key risk is higher rates for longer

 

  • Resumption of modest price falls expected in H2 2023, concentrated across southern England in response to higher mortgage rates.

 

  • UK prices still on track to be up to 5% lower over 2023

 

FIFE RENTS SMASH THROUGH THE £830 BARRIER: Are Fife Landlords Profiteering? (Watch/Read/Listen)

Jim Parker July 25, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-RENTS-SMASH-THROUGH-THE-830-BARRIER-Are-Fife-Landlords-Profiteering-e27deon 

 

The private rented sector for both Fife landlords and Fife tenants is facing immense challenges, with a shortage of available homes for rent putting renters under significant pressure.

 

And you can see why when the average UK rent in 2021 was £1,381 and in 2023 it has been £1,706, an increase of 23.53%.

 

Let’s look closer to home in the Fife area. Despite the rent controls set up by the Scottish Government in October 2022 …

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SELL NOW OR WAIT? What’s the right move for you? (Watch/Read/Listen)

Jim Parker July 25, 2023

 

 

PODCAST:  https://podcasters.spotify.com/pod/show/fife-properties/episodes/FPTV-EP-153-SELL-NOW-OR-WAIT–Whats-the-right-move-for-you-e27gq9m 

 

When the property market takes an uncertain turn, it can throw your moving plans into doubt.

 

Remember the post-Brexit wobble? And when Covid struck? Both looked catastrophic for sellers, but prices surged in the boom that followed with a massive shortage of property from such high demand.

 

Now, higher interest rates and inflation are causing many buyers to press pause and keep renting as they wait to see how things pan out.

 

While most people don’t move for financial reasons – factors like family, work and lifestyle are the ones that run the show – it’s money that makes every move possible.

 

So is selling your home a good or bad idea right now? Will you actually find a buyer? Or are you better off waiting, and for how long?

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