PODCAST: https://anchor.fm/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–26TH-FEB–4TH-MAR-2023-e1vt6cb
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 132 LANDLORD EXPENSES: Use our expert guide to claim back every cost you’re entitled to
How many tax allowances do you think you can claim from owning a rental property? The truth might pleasantly surprise you. Being a landlord is a business, but from our experience, not every landlord knows what they’re entitled to. As well as the obvious costs like mortgages and maintenance, there are many smaller expenses that can soon add up and make a real difference to your bottom line.
(Watch/read/listen) https://www.fifeproperties.co.uk/blog/fptv-ep-132-landlord-expenses-use-our-expert-guide-to-claim-back-every-cost-youre-entitled-to/
Zoopla UK and Fife House Price Index – January 2023
- Annual house price inflation slows to 5.3% down from 8.6% last year
- Buyer demand and sales volumes are 20-50% lower than a year ago but slightly ahead of the pre- pandemic years (2017-2019)
- Sellers having to accept an average 4.5% discount to the asking price to achieve a sale – the highest for 5 years as a buyers’ market takes hold
- Average discount to asking price is £14,000 meaning sellers are having to forgo a third of their pandemic house price gains
- Broad based repricing of housing underway – UK house price inflation set to move into low negative year-on-year by summer
- Market is still on track for a soft landing with modest price falls of up to 5% and 1m sales in 2023
(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-january-2023/
Watch out for the Wealth Creation Show on Monday @ 12.30pm live on these channels:
The Ultimate Guide To Buy To Let Investment
If you’re wondering how to make money from property then buy to let investment is one of the most popular and lucrative investment methods out there. By purchasing a buy to let property, investors can generate attractive returns and benefit from ownership of a valuable asset in the UK property market.
Before getting started with buy to rent, however, there are certain things you need to know about. If you think you need to brush up on your buy to let property knowledge our buy to let tips and advice will help you get started on your investment journey.
Luckily, you don’t need to head back to school to understand this as Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to take you through building a property portfolio, what it means to purchase several buy-to-let investment opportunities to generate a significant return on investment – more so than you would with just one property. Also, making sure you are financially ready, setting goals, doing your research, remembering to diversify and the benefits of a Hands-Off Investment.
(Watch/listen) https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-the-ultimate-guide-to-buy-to-let-investment/
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 richard.cook@fifeproperties.co.uk
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.
