Hey everyone, it's Rob B here with Rob D and you are listening to the property podcast.

It's market update time where we bring you the latest on the property market.

We talk house prices, we talk mortgages, we talk all that good stuff, but we also tackle.

Why aren't we building things and not just property, just anything in this country or getting anything done in fact?

Yeah, we have a bit of a rant but

i think you'll enjoy it welcome to the property podcast thank you for joining it in case you

don't know we run a business that buys more than 100 million pounds worth of property for our

clients every year you can find out about that at property hub.net slash invest.

This is a monthly episode where we bring you up to date with everything that's been going on

in the market that you need to know about as an investor. So let's get into it. Let's kick off,

as we often do with house prices and supler have released their latest data. It's for May.

And what's really interesting is supply is up by 13%,

but also sales are up by 6%. So even though there's more on the market right now, sales are still

going strong. House prices are remaining stable at 1.6%. So nothing to write home about there.

What's interesting for me, Rob, is that more people are testing the market,

being open to the idea of selling their property. But even with the extra supply, it seems that house prices remain stable, although not exactly spectacular numbers, 1.6%. Not spectacular by any

means. Nationwide have got a higher number. They've got annual price growth at 3.5%

with prices being up by half a percent in May. But beyond that same kind of story, it is very much a

buyer's market. As you said, there is more supply. There are transactions happening, so the market is

working, which is a good thing. Very much not boom times, though. And that is reflected in

right moves monthly data, which

shows that asking prices, they look at asking prices rather than sold prices. This is earlier

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