FIFE PROPERTY MARKET UPDATE 24th – 30th April 2022
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 Show written and produced this week are:FP TV (EP 89) PROTECTION MONEY: A Guide To Landlord Insurance and Reducing Your Premiums
We all know someone who never insures anything and never has any problems. But given that £8m is paid out every day in home insurance claims, not everyone has the same luck. Most of our landlords are properly covered, but we also speak to some who haven’t fully considered how to protect themselves and their buy-to-let. Confidence and luck are wonderful assets, but not much use when a boiler breaks down late at night, or a tenant runs into difficulty.
MID-WEEK SHOW: Fife Homeownership Rockets by 7,942 Homes in the Last 5 Years
· The Fife housing market over the last five years has behaved oddly.
· Fife house prices are 23.6% higher than in 2017, even though during those five years, the British economy had the uncertainty of Brexit and the massive fall in GDP during the pandemic.
· Yet, a less observed trend is that the net number of homeowners in Fife has risen by 7,942 households, a jump of 3.7%.
· Why has growth in homeownership happened, and what does it mean for Fife's existing homeowners (and landlords)?
With the newspapers full of news about the death of homeownership and the growth in Generation Rent, it must surprise many (as it did with me) that the number of homeowners in Fife has grown.
Watch out for the Wealth Creation Show on Mondays live on these channels:
EP17 THE WEALTH CREATION SHOW – KEY PERFORMANCE INDICATIORS
Join Jim Parker and Richard Cook who will be discussing the latest news, as well as sharing some wealth secrets including some portfolios and properties available and this week they will be talking about Key Performance Indicators and if there is time, they will go over one of their recent examples.
And finally remember you can still get a 60 second instant valuation of your home with this quick easy to use tool without speaking to anyone: https://valuation.fifeproperties.co.uk/home/2062
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