ASK337: Will a recession affect property prices? PLUS: What do you need to know about Making Tax Digital?

The Property Podcast

Rob Bence & Rob Dix

News, Investing, Education, Business, Business News

4.8 • 2K Ratings

🗓️ 14 June 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s Tuesday and that means Rob & Rob are back answering your questions! First up is Ash. She’s a huge fan of the podcast and especially looks forward to the Market Updates. So, it’s no surprise that she’s noticed the economic warnings that a recession is likely in the UK this year. Indeed, just yesterday leading economist Dr Gerard Lyons told the BBC: “A recession is likely in the UK and, I think, a recession is likely across Western Europe.” Which is pretty direct, especially for an economist. So, Ash wants to know, what will a recession mean for property prices? Is now a bad time to buy if there is going to be a downturn? A great question, and one Rob D is especially well placed to answer, having just finished a book on how money actually works. Next up is Pete, who controversially doesn’t have a question, but instead has opted to issue a warning! We’ll let Pete off this rebellious change to our format because he has an important warning about new tax rules that will affect almost all landlords. Even though it’s not strictly a question, Rob & Rob still have some helpful advice on how to prepare for the tax changes so that you’re not caught out. 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. And if you’d like to find out more information about Portfolio you can do that here. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hi, I'm Rob, and I'm Rob, and this is Ask Rob and Rob.
0:05.6	Hello everyone, and welcome to Ask Rob and Rob, the show where you can get your wonderful
0:11.6	questions in and we do our very best to give you a half of these and answer.
0:15.6	This week we've got questions in from Ash and Pete, but before we get to them, let's
0:19.2	give you a quick reminder of how you can get your question on the show.
0:23.2	All you've got to do is call 0138083035, that's 0138083035, or you can go to propertyhab.net-ask.
0:32.8	Either way, you can leave us a voicemail and you'll hear your voice on this show at some point in
0:37.5	the future, just like Ash is about to right now. Hi, Rob and Rob, my name's Ash. I've been listening
0:42.9	to your property hub podcast for a while now. I absolutely love the content and always look forward
0:48.6	to the next to property market update, especially. It's really good that you put that in there as
0:53.3	well now. So my question to you is, I listen to a lot of those shares, news about shares and
1:01.5	a messaging, quite being shares as well. There's some noise with the inflation rate and everything that's
1:06.7	going on that within the next one to two years, there's going to be a recession. So this kind of
1:13.2	goes the opposite way of we're going to see a boom in the property prices, at least for the next two
1:20.1	to three years, you know, to hold 18 year property cycle. So I wanted to know your views and thoughts
1:26.7	about, if there is a recession within the one to two years, would that impact the property prices,
1:32.4	would the property prices drop? Well, not really. Yeah, so your views and thoughts about that
1:37.6	would really help because I'm in the process right now as a purchasing property, but now I'm thinking
1:42.8	shall I hold off at least six to 12 months if property prices potentially will drop due to a recession.
1:50.0	Thank you so much. Ash, thank you. That's a big question. And there's a lot in there. So let's see
1:56.5	what we can pull out. To start with, we need to separate a few different things, which is the stock
2:01.6	market, the property market and the economy. Obviously, these three things are all linked,
	...

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