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The Property Podcast

ASK268: Is lack of supply the cause of high prices? PLUS: How many properties should I buy with my £100k?

The Property Podcast

Rob Bence & Rob Dix

Business News, Education, News, Investing, Business

4.82K Ratings

🗓️ 19 January 2021

⏱️ 7 minutes

🧾️ Download transcript

Summary

This week on Ask Rob & Rob the guys are talking about the supply and demand of property, and they’re spending £100k of someone else's money!   Kicking us off this week we’ve got Jonathan from Manchester.  He’s wondering if The Robs have read the UK Collaborative Centre for Housing Evidence and their article on tackling the UK housing crisis.  Since reading the article Jonathan is wanting to know if the 300,000 a year housing supply target is actually the real rise in house prices or if it’s actually mostly down to interest rates? Do Rob & Rob think that the lack of supply is the real reason for higher property prices? The second question this week comes from Mary who’s new to the property podcast. Mary and her husband were looking to purchase their first property at the beginning of the first lockdown. Since then it’s fallen through due to Covid-19 so now they’re reconsidering everything.  They have a deposit of just over £100,000 and they were going to put that down towards their first residential home.  Now, they’re considering splitting it possibly two or three ways and buying a property in each of their names, one dream home and two buy-to-let properties. However, they’re currently unsure about the market and if buying a house each would have an effect on their first time buyer status, or if there would be a tax implication? What do The Robs think Mary should do? Tune in to find out.   Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving 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 on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. 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 Ask Rub and Rob.

0:05.2

Hello everyone and welcome to Ask Rob and Rob, the show where you get your questions in and we get our answers back to you.

0:15.0

And normally, that means that the people who ask the questions benefit,

0:17.5

but also so do you listening, because you get to learn alongside those people

0:21.5

asking the questions. But of course you may have asking the questions.

0:23.0

But of course you may have your own question that you want answering.

0:26.0

So let's give you a quick reminder of how you can get involved.

0:29.0

Yep, it all comes down to leaving us a voicemail with your question.

0:32.0

It's as simple as that and we give you two routes into that.

0:35.1

You can either give us a call on 013, 808,00035 or you can go to Property Hub.

0:40.6

That's slash Ask. Either way the result is the same.

0:43.0

You record your question, you re-record it if you need to, that's fine.

0:46.0

Then you send it our way, and we give you an answer just like we're about to for Jonathan.

0:50.0

I love the podcast.

0:52.0

My name's Jonathan and my name is Jonathan Manchester.

0:55.0

I'm just wondering if you guys have read the UK Collaborative Center for Housing Evidence

1:01.0

and their article tackling the UK housing crisis. for housing

1:04.2

crisis and their article tackling the UK housing crisis is supply the answer

1:07.0

has written summer last year and it's just a really interesting sort of journal about whether the supply,

1:17.0

kind of 300,000 a year housing supply target is actually the real cause of rising

1:21.6

house prices or if it's actually mostly down to interest rates.

1:24.8

I just be really interested if you guys had to read through it and just commented your thought.

...

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