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The Property Podcast

Market update: 27 March 2020

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 27 March 2020

⏱️ 31 minutes

🧾️ Download transcript

Summary

Rob & Rob are back again today with another Friday market update for you.  Whilst this week has been a bit of a whirlwind with positives and negatives throughout the media, there were still some headlines The Robs thought needed clearing up. Apparently, the government has put the housing market on hold.  But surprise, surprise… this isn’t the case.  What they’re actually doing is offering advice on buying and selling a property in the current circumstances.  It’s also been said that banks are putting a stop to mortgage lending.  Again, not quite the full story.  This isn’t down to the fact that the banks have no money or are expecting property prices to plummet like some may think. It’s actually due to the fact that they’re overwhelmed by the amount of people applying for mortgage holidays and they’ve had to move their call centres to working from home.  Plus, they can’t have surveyors going out to value properties which obviously puts a delay on things.  So, as well as proving the scaremongering headlines wrong, here’s what else you can expect to hear on today’s episode: How we’ve adapted our business in the face of what’s going on How we’ve still been working on deals Why now is a great time for property investors A look at current stock market And to end on a lighter note, whilst there’s a lot of negativity going around, there’s also a huge sense of community and togetherness which is a lot stronger than anything that could ever break us. Enjoy - and we’ll be back next week! We’d love to hear what you think of our new market updates over on Facebook, Twitter or Instagram. You might even have a question you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.   Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  If that wasn’t enough, you can also join our friendly property community on the Property Hub forum. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to our second ever market update. I'm Rob D with Rob B. We're recording this on the 27th of March and it's

0:08.1

quarter to nine in the morning. Normally I wouldn't bother telling you that but because things are

0:12.1

changing hour to hour at the moment

0:14.4

it's probably worth putting a time stamp on these things.

0:16.8

Thank you for your feedback to last week's market update which is really fantastic.

0:21.3

Glad you enjoyed it and we're really happy to be doing it all again.

0:24.8

As we said last week, we're always on the phone to each other talking about this stuff anyway,

0:28.8

so it's really good fun to invite you in as well.

0:32.0

So Rob, to kick it off, I want to turn the tables and ask

0:35.1

you the question that you started by asking me last week. How are you feeling?

0:38.9

I feel pretty good actually. I've been to sunshine that helps. We've had a great great week of sunshine I think that lifts everyone.

0:45.2

But last night was the clapped fur carers and I was just blown away. I came on to my street and

0:52.1

I live one of those streets where you know people say

0:54.4

hello but it's not the most connected community and to see so many people

0:58.9

out all clapping making noise was incredible it was it was amazing and then I went on to social media

1:05.8

afterwards just to see what else was going around the country and had friends

1:09.3

send him what's that messages to say that they've had it in their streets and it was incredible and people

1:14.2

said they heard fireworks and I thought you know what that's amazing that that's

1:19.3

really uplifting in a time where you know there are challenges there are also beautiful moments as well you know not it's not a hundred percent doom and loom and in life it's not always a hundred percent wonderful either but it's always a mix.

1:32.0

Yeah, definitely.

1:34.0

I think for the most part, people seem to have responded really well to all the measures that are in place.

1:39.0

There's widespread support for what's going on.

...

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