FIFE PROPERTY MARKET UPDATE – 11th – 17th JUNE 2023 (Watch/Listen)

Jim Parker June 18, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–11th–17th-JUNE-2023-e25srfq

 

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 147) GAINING EXTRA POUNDS: Fine-tune the most valuable and saleable parts of your home

 

Not every part of your home is created equal, and some have a quantifiably higher value than others.

 

At the same time, there are those unique and saleable qualities that are less easy to put a figure on, but nonetheless play a vital role in securing a buyer.

 

Jim Parker and guests discuss how making specific improvements to various rooms can have a direct impact on how much you will get in the end.

 

(Read 4 mins) https://fifeproperties.co.uk/blog/gaining-extra-pounds-fine-tune-the-most-valuable-and-saleable-parts-of-your-home/

 

 

 

 

THE FIFE LANDLORDS GUIDE TO RENT CAP AND SUSPENSION OF EVICTIONS

 

As a reputable Fife letting agency, we understand the importance of keeping Fife landlords and tenants informed about the current regulations affecting the Fife rental market.

 

In this article, we will provide all Fife landlords with essential information about the rent cap and the suspension of evictions in Scotland.

 

Jim Parker and Richard Cook discuss the implications for Landlords and tenants.

 

(Watch/Read/Listen) https://fifeproperties.co.uk/blog/the-fife-landlords-guide-to-rent-cap-and-suspension-of-evictions/

 

 

 

 

Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:

 

EP 76 THE WEALTH CREATION SHOW: How To Accelerate Your Income

 

One of the best ways to accelerate your income is to leverage your current position. When you think of leverage, what comes to mind?

 

If you’re like most people, it’s some form of financial leverage. You probably also think leverage is risky. But the truth is financial leverage is only one of six different types of leverage. If you aren’t using leverage, then you are working harder than you should to earn less than you deserve — and that isn’t going to make you wealthy.

 

So, you might be wondering how can I accelerate my income and what does leveraging your position mean?

 

Luckily, you don’t need to head back to school to learn how as Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to take you through how using different types of leveraging can accelerate your income and propel you into wealthy success.

 

(Watch/listen) https://fifeproperties.co.uk/blog/the-wealth-creation-show-how-to-accelerate-your-income/

 

 

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 will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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.

Shocking Revelation: 4,795 Fife Properties Remain Empty (Watch/Read/Listen)

Jim Parker June 16, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/ep-e260tug

 

There aren’t enough homes in Fife.

 

The answer is clearly to build more property in Fife – but that, unfortunately for those badly seeking to buy or rent a home in Fife, takes a lot of time and massive amounts of money. So, what other solutions are there?

 

Talking to a Fife client of mine recently, the subject of the housing crisis was mentioned. They suggested that all the empty properties in Fife could be the solution to this problem. On the face of it, it seems so obvious. Now quite interestingly, I had recently done some research on this topic, which I want to share with you (as I did with them).

 

The most recent set of figures from 2022 state there are 4,795 empty homes in the Fife Council area.

 

So it begs the question, why not put these homes back into the housing system and help ease the Fife housing crisis?

 

Whilst they stand empty, 16,219 Fife families are on the Council House Waiting List for council houses.

 

Nationally, the picture is very similar with 1,206,376 families on council house waiting lists with 676,304 homes empty.

 

 

 

Surely, we can all agree that property left empty for many years isn’t morally right?

 

… yet a different story emerges when you look deeper into the numbers.

 

Every October on one specific day, each local authority must report every property that is empty, even if it’s only been so for a week.

 

So many of these Fife properties are either awaiting new homeowners or, in the case of rental properties, new tenants. Also most certainly, some properties are being refurbished and renovated, some are deceased estates, while other properties have homeowners that have moved out and are in the process of being sold (e.g., a part exchange property).

 

Of those 4,795 Fife homes lying empty, only 1,880 properties were empty for more than six months.

 

… and this is where it gets even more interesting.

 

Many people cite all the empty council houses, yet …

 

Of the 1,880 long-term vacant Fife properties (those empty more than six months), 701 belong to the council.

 

The fact is that the number of genuinely long-term empty properties is only a tiny drop in the ocean of the 171,086 properties in the area covered by Fife Council and, even if every one of those empty homes were filled with tenants tomorrow, it would only meet a small fraction of Fife housing needs.

 

So, what does this mean for all the homeowners and landlords of Fife?

 

This scarcity of available homes contributes to the maintenance of high rents, which presents a favourable situation for Fife landlords who are investing in buy-to-let properties.

 

Simultaneously, it also serves to keep Fife house prices at a relatively elevated level.

 

The implications of this situation are particularly evident in the context of Fife’s rental market, where the demand for properties is exceptionally high.

 

Due to the challenges faced by young individuals in affording homeownership and the financial constraints limiting the construction of new council houses by local authorities, the growth of the rental market becomes an undeniable reality.

 

Consequently, landlords predominantly focus their investments on the lower end of the housing market, such as starter homes, further fortifying property prices.

 

This cyclical pattern sustains the entire market as sellers, propelled by the increasing demand, progress up the property ladder, thereby enabling others to purchase homes and continuing the process in a chain-like manner.

 

These are indeed interesting times in the Fife property market!

 

EP 76 THE WEALTH CREATION SHOW: How To Accelerate Your Income (Watch/Listen)

Jim Parker June 16, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/EP-76-THE-WEALTH-CREATION-SHOW-How-To-Accelerate-Your-Income-e25tmqu

 

One of the best ways to accelerate your income is to leverage your current position

When you think of leverage, what comes to mind? If you’re like most people, it’s some form of financial leverage. You probably also think leverage is risky. But the truth is financial leverage is only one of six different types of leverage.

If you aren’t using leverage, then you are working harder than you should to earn less than you deserve — and that isn’t going to make you wealthy.

So, you might be wondering how can I accelerate my income and what does leveraging your position mean?

Luckily, you don’t need to head back to school to learn how as Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to take you through how using different types of leveraging can accelerate your income and propel you into wealthy success.

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 will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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.

 

 

FP TV (EP 147) GAINING EXTRA POUNDS: Fine-tune the most valuable and saleable parts of your home (Watch/Read/Listen)

Jim Parker June 13, 2023

 

 

PODCAST:

 

Not every part of your home is created equal, and some have a quantifiably higher value than others.

 

At the same time, there are those unique and saleable qualities that are less easy to put a figure on, but nonetheless play a vital role in securing a buyer.

 

Different spaces require a different approach, so we’ve divided this blog into expert tips for:

 

  • Living rooms
  • Kitchens
  • Bedrooms
  • Bathrooms
  • Gardens and outside

 

So let’s take a look at what buyers are looking for in each of these areas. When we’re done, you’ll be able to identify the most valuable and saleable parts of your home so you can stay ahead of the market whenever you come to sell.

(more…)

THE FIFE LANDLORDS GUIDE TO RENT CAP AND SUSPENSION OF EVICTIONS (Watch/Read/Listen)

Jim Parker June 12, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/THE-FIFE-LANDLORDS-GUIDE-TO-RENT-CAP-AND-SUSPENSION-OF-EVICTIONS-e25nj0m

 

As a reputable Fife letting agency, we understand the importance of keeping Fife landlords and tenants informed about the current regulations affecting the Fife rental market. In this article, we will provide all Fife landlords with essential information about the rent cap and the suspension of evictions in Scotland.

The rent cap in Scotland, currently set at 3% in most cases, is set to be extended for an additional six months. Previously, a rent freeze at 0% was in effect from 6th September 2022 to 31st March 2023. From 1st April 2023, the Scottish government increased the cap to 3% and was due to remain in place until September 2023.

However, Patrick Harvie, the Minister for Tenants’ Rights in Scotland, has expressed his desire to extend these measures until March 2024. Parliament’s approval would mark the final date for the rent cap and eviction protections.

(more…)

FIFE PROPERTY MARKET UPDATE – 4th – 10th JUNE 2023 (Watch/Read/Listen)

Jim Parker June 11, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–4th–10th-JUNE-2023-e25j8vk

 

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 146: BUY-TO-LET TAX UPDATE: Your no-nonsense guide to the current rates and allowances.

There have been lots of changes to the way landlords are taxed over the last few years, creating plenty of confusion and leaving some questioning whether buy-to-let is a worthwhile investment.

The answer is very much a personal choice, but having complete clarity is a great place to start when deciding on your future.

(Watch/read/listen) https://fifeproperties.co.uk/blog/fp-tv-ep-146-buy-to-let-tax-update-your-no-nonsense-guide-to-the-current-rates-and-allowances/

 

 

 

Thinking of Investing £115,000 in Fife Property?

Are you considering a buy-to-let property in Fife for early retirement?

Read this eye-opening article that compares the returns of Building Society’s bonds to investing in Fife rental properties. Discover how leveraging your investment could boost your returns by up to 8.6%!

Click the link to find out if the risk is worth the reward in the Fife property market. Jim Parker and Richard Cook provide useful hints and tips for anyone interested in property investment in 2023.

(Watch/Read/Listen) https://fifeproperties.co.uk/blog/i-have-115000-to-invest-is-a-fife-rental-property-still-worth-the-risk/

 

 

 

 

Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:

 

EP 75 THE WEALTH CREATION SHOW: Continuous Improvement Will Set You Free!

The practice of continuous process improvement, or Kaizen, was developed to improve Japanese manufacturing processes through lowering costs and improving quality.

Kaizen translates to “change for better,” a simple concept that is now used by companies all over the world at individual, team and organisational levels.

Jim has followed the Kaizen philosophy for the past 35yrs so it is nothing new to him.

Do you want to know how to adapt this philosophy to your own wealth creation?

Luckily, you don’t need to head back to school to learn how as Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to take you through how implementing continual improvements using Kaizen can help you achieve success.

 

(Watch/listen) https://fifeproperties.co.uk/blog/the-wealth-creation-show-continuous-improvement-will-set-you-free/

 

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 will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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.

 

 

 

 

EP 75 THE WEALTH CREATION SHOW: Continuous Improvement Will Set You Free! (Watch/Listen)

Jim Parker June 9, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/EP-75-THE-WEALTH-CREATION-SHOW-Continuous-Improvement-Will-Set-You-Free-e25k9r1

 

The practice of continuous process improvement, or Kaizen, was developed to improve Japanese manufacturing processes through lowering costs and improving quality.

Kaizen translates to “change for better,” a simple concept that is now used by companies all over the world at individual, team and organisational levels.

Jim has followed the Kaizen philosophy for the past 35yrs so it is nothing new to him.

Do you want to know how to adapt this philosophy to your own wealth creation?

Luckily, you don’t need to head back to school to learn how as Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to take you through how implementing continual improvements using Kaisen can help you achieve success.

 

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 will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, 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.

 

 

FP TV EP 146: BUY-TO-LET TAX UPDATE: Your no-nonsense guide to the current rates and allowances (watch/read/listen)

Jim Parker June 6, 2023

 

PODCAST:https://podcasters.spotify.com/pod/show/fife-properties/episodes/FP-TV-EP-146-BUY-TO-LET-TAX-UPDATE-Your-no-nonsense-guide-to-the-current-rates-and-allowances-e25hdav

 

 

There have been lots of changes to the way landlords are taxed over the last few years, creating plenty of confusion and leaving some questioning whether buy-to-let is a worthwhile investment.

(more…)

June: The Perfect Month to Sell Your Fife Home (Read 2 min)

Jim Parker June 4, 2023

 

 

If you’re considering putting your Fife home on the market, look no further than the month of June.

 

With longer days, warmer weather, and a sense of renewed energy in the air, June offers a prime opportunity to attract potential Fife buyers and make a successful sale before the kids break up for the Summer holidays.

 

Here’s why this sunny month stands out as one of the best times to sell your Fife house.

 

First and foremost, June brings a surge of motivated buyers. As the school year comes to an end and summer holidays begin, many Fife families are actively searching for new homes to settle into before the next academic term. This increased demand translates to a larger pool of interested buyers, leading to more competition and potentially higher offers.

 

Moreover, the pleasant weather in June allows for beautiful home viewings. Blooming gardens, lush landscapes, and sunlit interiors create an inviting atmosphere that can truly captivate prospective buyers. The longer days mean more daylight hours for showcasing your Fife property’s best features, making it easier for buyers to visualise themselves living in the space.

 

Lastly, selling in June allows for a smoother transition. With a sale during this month, homeowners can plan their moves during the summer when schedules tend to be more flexible. This can minimize disruptions to work, school, and other commitments, ensuring a seamless transition to a new property.

 

In conclusion, if you’re contemplating selling your Fife house, June presents an optimal opportunity. Take advantage of the motivated buyers, the picturesque surroundings, and the favourable economic conditions that this month brings.

 

So, prepare your Fife home, give us a call for a free no obligation valuation, and set the stage to let June be the month that leads you to a successful sale.

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