Hot or not? How to spot if you’re in a buyer’s or seller’s market

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 27 March 2021

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The headlines are telling you the property market is running hot, that the stamp duty holiday extension is stoking the fires, and buyers are ignoring the economic slump to pile in.

There’s just one problem: your home is on the market and you aren’t even getting any offers. Perhaps you are in a property coldspot.

As property watchers will tell you, the house price index-driven view of a national housing market is something of an illusion. In reality, there are lots of different local property markets and they don’t all blow hot and cold at the same time.

At the moment, while some areas are running hot, others are cold – and it’s not as simple as city vs village, or urban vs rural. Even within London, there are some areas with high demand and others just a few miles away where it is tough to sell.

On this week’s podcast, Georgie Frost, Adrian Lowery and Simon Lambert look at how to take the temperature of your local property market and how that can help you buy or sell.

They discuss what next for house prices – and whether they can possible keep rising at such a robust pace from here, or if we could see more stability and an end to Britain’s casino property market.

Also on this week’s show: how to invest in companies that will help improve the environment, the FCA’s warning on thrill-seeking young investors and the best Isa investments of all time.

And finally, the electric car grant has been cut and will be axed for all cars costing more than £35,000. Is this foolish as we try to wean the nation off petrol and diesel, or a wise move to stop subsidising those already wealthy enough to buy an expensive brand new motor?

Transcript

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0:00.0	Welcome to This Is Money Podcast. I'm Georgie. For our stand alongside me and editor Simon Lambert
0:04.8	today is Deputy Editor Adrian Lowry. And coming up, hot or cold, investing or gambling, profit or
0:10.5	altruism. We talk about the temperature of the property market, concerns about the young, and
0:15.0	ask if you can have it all. Plus, hot on the heels of last week's Issa Pod Bonanza, Adrian's turned historian.
0:23.3	We discussed the electric cars that are still eligible for the government's recently slash grant,
0:28.1	and say cheerio to the Mondaio man.
0:31.8	Don't forget you start out to date.
0:32.8	With all the latest breaking money news, just go to this ismoney.co.uk or download the output first. The
0:39.2	Stant Duty holiday extension is tipped to add further fuel to the fire of the property market.
0:44.9	But while some areas are blowing hot, others are distinctly cooler. Dig below the average
0:51.1	house price figures in England and the property picture is very much divided into buyers and sellers market.
0:57.6	But which do you live in? How can you tell? Does it matter?
1:01.6	Adrian, welcome back. It's been far too long. You've been in the process of home buying selling.
1:09.0	So tell us, what is it like? Well, I think we've been quite
1:15.1	lucky. It's been relatively unstressful, but I think anybody's individual story goes to show that
1:22.4	these sort of pictures that we get to the housing market and that we publish on this is money all the time are very generalised and the number of conclusions that you can draw from general house price indexes and housing market research.
1:39.4	However, you know, well done the research is the experience in your area and your transaction could well be
1:46.2	very different.
1:47.1	Mail on the head there, Adrian, of the reason why house price figures frustrate me so much,
1:51.6	because as much as you can have a national average, really, what does it tell us?
1:56.1	No, quite.
1:57.6	So our experience of the last year or so, we thought about putting our flat on the market
	...

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