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The Property Podcast

ASK158 When will prices go up in the North East? PLUS: Am I going to get taxed twice?

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 16 October 2018

⏱️ 6 minutes

🧾️ Download transcript

Summary

We have another two cracking property questions this week on Ask Rob & Rob. The first comes from PJ who wants to know about the ripple effect of northern cities. With property prices in the South East still way below their 2007 figures,  PJ wants to know when the likes of Newcastle and Middlesbrough will see any capital growth after the mid-cycle wobble. As you know, Rob & Rob have form for accurate property predictions, so listen to Ask Rob & Rob this week to discover how they think these areas will play out. Will they see capital growth or are they not worth bothering with? Is there a trick PJ is missing out on with a location that Rob B is keeping a very close eye on? Is growth on the horizon or is it just too early to tell? Have a listen and let us know what you think.   The second question comes from Pete who’s a fairly new listener but has been loving the property podcasts so far (thanks Pete!). He has four investment properties in his property portfolio. He owns two outright and the other two have 50% mortgages against them - plenty of equity. Pete is worried about the tax changes for buy to let investment property and is concerned he’ll get taxed twice if he chose to invest via a limited company. Pete’s question isn’t an unusual one and if anything, highlights the need to have a basic understanding of tax so you can make sure you’re investing in property via a method that’s best suited to your needs. Luckily, Rob & Rob are clued up on tax and have some general pointers for Pete, so hit the listen button to hear what they have to say. We also have The Property Hub Tax - a dedicated team who fully understand what property investors want. Tax is complex and it’s never been more important to make sure you get the right advice. Sign up to the priority list today by clicking here.   Do you have a property question for Rob & Rob? If you’d like to feature on the next episode, give us a call on 013 808 00035 and leave a message with your name and question (normal UK call rates apply).   Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours. Have you joined us over in The Property Hub Forum yet? If you love property chit chat, this is the place for you. Our online community are a friendly bunch, keen to share their knowledge and experience. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob. And I'm Rob. And this is our scrub and Rob.

0:05.6

Hello everyone and welcome back to Ask Rob and Rob.

0:11.2

It's a Tuesday. We've got two questions. Unfortunately, two answers as well. They're

0:15.9

coming up in a moment, but before we do, let's give you a quick reminder on how you can get on the

0:20.6

show. Yep, all you have to do is give us a call on 013, 808, 80035.

0:27.0

You can leave us a message there or you can do exactly the same thing by going to the Property Hub

0:31.0

dot net slash ask.

0:32.0

When you do, all you've got to do is tell us your question, but also tell us your name.

0:35.8

Otherwise we'll make one up for you.

0:37.2

So today's first question I've decided has come in from PJ.

0:39.8

Hey Robin Rob, I just want to say thank you very much for all the free knowledge you're giving and keep up the good work. Fantastic source of information.

0:48.0

My question for you this week is we're talking about the ripple effect and the northern cities getting some capital growth.

0:55.0

I invested in the northeast and property prices are still sub 2007 prices so before the crash.

1:04.0

Just wondering whether you're expecting the cities such as Newcastle and Middlesbrough to see any capital

1:09.9

growth after the mid-cycle wobble. Thanks very much.

1:12.6

Great question PJ. Love questions like this and it's great to hear that you and

1:18.1

I'm sure many other people are starting to think about the ripple effect. I know

1:21.4

Rob and I certainly are and we'll podcast on that in the coming weeks.

1:24.8

So the North East in particular, what's happening? Well not a lot as you've rightly pointed

1:29.9

out. Prices in most areas haven't recovered from the 2007 levels so does that mean it's

1:35.5

done dusted and never to grow again no far from it it's just not had it to turn

1:39.7

yet now of all the areas in the northeast the only one of real interests at the moment is Newcastle

...

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