Are you a mover, a flipper, or a forever-homeowner? The tribes driving the property market

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 3 September 2021

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are you a mover, a flipper or a forever-homeowner?

Among its many surprises, the coronavirus pandemic has delivered a property boom.

In pretty much the exact opposite of what all the experts thought was going to happen the property market has hit fever pitch over the past year and a bit, with more people moving and house prices soaring.

But amid all the fuss, which property tribe are you in?

Are you a mover – for whom the grass always looks a bit greener, perhaps in a house with extra space, more bedrooms, a bigger garden, or with a slice of the country life or even a prime location in the city?

Or would you choose to be a flipper, happy to buy and sell regularly to try to make some money and climb the ladder quicker – maybe doing places up and turning ugly ducklings into swans as you go along?

Or is your chief desire to be a forever-homeowner, the kind of person who wants to either stay put where you are forever, or find the one place you can do that and then stop moving.

On this week’s podcast, Georgie Frost, Helen Crane and Simon Lambert take a look at the property market tribes and how they are driving the market, from those who love to move, to those chasing a quick buck, and those whose sole desire is to find the perfect place to stay put.

Also on this week’s show, the team discuss how to learn from your investing mistakes rather than beat yourself up over them.

And take a look at both sustainable banking and investing and what that means and why the new greener E10 petrol is causing a kerfuffle.

Transcript

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0:00.0	Welcome to This Is Money Podcast. I'm Georgie Frost and alongside me and editor Simon Lambert today
0:05.2	is Assistant Personal Finance Editor Helen Crane. And coming up, are you a mover, a forever homeowner?
0:12.6	Among its many surprises, the pandemic delivered us a property boom. But in this hot market,
0:19.1	what type of property animal are you? Plus, how to learn from investing
0:23.3	mistakes, the ethical bank that wants you, and E10 petrol. What on earth is that all about?
0:29.7	Don't forget me to stay up to date with all the latest breaking money news, just go to this
0:32.8	ismoney.com.uk or download the app. But first, contrary to expectation. The property market over the last year
0:40.6	hit fever pitch. More of us were on the move and house prices soared. In that, we've also seen
0:46.5	different types of property animals emerge, the movers, the flippers and the forever homeowners. But
0:52.8	what on earth am I talking about and which are you?
0:55.4	First, before we get to that, the market is driven by the desire for a new way of life, not savings.
1:02.7	That's a quote from an expert in one of your articles. House prices are up 11% in a year.
1:08.6	Even the stamp duty holiday taper doesn't appear to be slowing things down.
1:12.5	What on earth is going on first with the housing market? Where is it headed?
1:16.9	Helen, give us an overall picture. Set the scene for what's about to come next.
1:23.1	Sure. So the latest nationwide house price index, which was out this week, showed that prices
1:30.5	rose by almost 25,000 pounds in the year to August.
1:34.2	So that means that the typical home is now worth almost 250,000 pounds.
1:39.6	That was a bit surprising.
1:41.2	So the stamp duty holiday, which has driven a lot of the activity
1:45.4	and the price rises in the housing market in the last year, it was tapered down at the end
1:50.6	of June. This sort of theory was that that would bring down house prices or at least stop the
	...

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