Is this finally it? Have house prices peaked? Dare we mention that word, crash?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 12 May 2017
⏱️ 41 minutes
🧾️ Download transcript
Summary
The property data is out and it’s not looking good.
House prices fell for the first time in five years.
Homes are going for less than asking prices.
Yet in some areas you need 17 times your salary to buy a place.
Where’s it all going to end?
Perhaps moving into tiny mobile sheds on trailers or a boat is the only answer. Or will prices start to tumble?
Simon Lambert takes one of his legendary forensic looks behind the figures, joined by Rich Browning and Georgie Frost for a fun debate into the doomsday scenarios.
Also on the show…
Democracy only survives with a strong opposition. It seems Ed Miliband, former Labour leader, was stronger than his message on the tablet suggested. His idea to cap energy prices has now been adopted by the would-be next Tory government.
Is this plan put forward by Theresa May really any different? Or is ‘Marxist meddling’ in the markets by the Conservatives really happening?
Strange times.
Enjoy.
Transcript
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| 0:00.0 | A very warm welcome to This Is Money Show. I'm Georgie Frost and in the studio with me. |
| 0:08.0 | Today is editor Simon Lambert and development editor Rich Browning. |
| 0:11.7 | To round up the week's top stories they've been covering on their award-winning website. |
| 0:15.8 | This week we lift the roof on the property market. |
| 0:19.0 | Simon asked just how much should we be worried about it. |
| 0:22.1 | 90% of homeowners reckon prices will rise in the next six months, but less than the fifth, |
| 0:27.3 | plan to sell. It's as estate agents say, the number of listed properties for sale is closing |
| 0:32.4 | on record lows as it is. In one area of the country, you need 17 times the average salary to buy. The number of under 35-year-olds still living with their folks has gone up a third. We ask our tiny homes the way to go. Yes, David Cameron, we are eyeing up your writing shed. And also we'll take a look at plans to introduce an energy cap from the Tories. |
| 0:59.4 | How different is it really to the much derided plan of Ed Miliband back in 2013? |
| 1:03.1 | But first, the question we all wanted to know could have been answered this week. |
| 1:08.2 | Now, our six pledges form the basis of our plan for working people. |
| 1:13.2 | These six pledges are now carved in stone. They're carved in stone because they won't be abandoned after the general election. Thought extinct but no, some good news |
| 1:19.9 | this week has celebrity adventurer Ben Fogel found the lesser spotted Ed Stone. Simon, we were |
| 1:26.7 | talking about this only the other week on this show. |
| 1:29.9 | Has it been found? |
| 1:31.7 | This makes me like to think that celebrity adventurer Ben Fogel, |
| 1:36.3 | when he's not celebrity adventuring, is listening to the This Is Money podcast. |
| 1:41.3 | I think so. |
| 1:42.1 | And that he was inspired after our discussion about the Ed Stone, which you said that you had completely forgotten about. |
| 1:48.1 | Yep. |
| 1:48.5 | And I think many people had completely forgotten about that he was inspired by this to go out searching for said Ed Stone. |
| 1:54.2 | Although apparently he may have just spotted it while he was out for dinner one evening. |
... |
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