Market Update - June 2026

The Property Podcast

Rob Bence & Rob Dix

Education, News, Business News, Investing, Business

4.8 • 2.1K Ratings

🗓️ 11 June 2026

⏱️ 21 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

Net migration is down 48%, house prices are slipping, and construction has hit its lowest point since lockdown. Rob & Rob unpack the biggest property stories of the month - one where the mood and the opportunity couldn’t be further apart. (00:40) Why the rental market will feel the migration crash before house prices do (04:15) Interest rates are held, but the reason behind it isn’t exactly cheerful (05:11) House prices are finally catching up with sentiment, with the north-south gap getting starker (11:06) Mortgage rates are coming back down and lenders are cutting aggressively (13:05) Why the Government’s housing target is a fantasy (16:30) Rent growth’s cooling, so why are professional landlords planning to expand? (19:44) Hub Extra Links mentioned: ONS Net migration statistics Bank of England interest rates may not need to be increased Yubikey security key House prices: Nationwide’s House Price Index Halifax’s House Price Index Zoopla’s House Price Index Savills downgrades house fall Mortgages: Mainstream lenders extend cuts Planning and supply: Planning applications hit record low All three categories of construction work fall sharply Rents: ONS private rent and house prices Only 1% of professional landlords plan to leave the market Enjoy the show? Leave us a review on Apple Podcasts - it really helps others find us! Sign up for our free weekly newsletter, Property Pulse Find out more about Property Hub Invest

Transcript

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0:00.0	Everyone, Robby here with Rob De and you are listening to the Property Podcast. This week's
0:06.6	market update. There's so much happening in the market right now. Everyone wants to know what
0:10.6	is happening and what will happen next and we give you exactly that in this week's episode.
0:24.3	Yes, welcome to the Property Podcast. Thank you for joining us. In case you don't know,
0:28.0	we run a business that helps our clients buy over £100 million worth of property every year.
0:32.8	You can find out about that, property hub.net slash invest. And as a result, being in the market every day, we see it all. And so we can bring you not just the headlines, but the stories behind
0:37.3	the headlines. And that's what we're going just the headlines, but the stories behind the headlines.
0:38.0	And that's what we're going to do in this episode.
0:40.1	So let's kick off with our first story. And the first story is all about migration.
0:45.7	And it's from the Office of National Statistics. But stay with us, because this is important.
0:51.1	And that's why it's our first new story of the day, because this impacts
0:54.6	us all, and it impacts property prices as well.
0:58.2	So Rob, with migration crashing by 48%, what does that mean?
1:03.2	Why are we leading with this story?
1:04.8	Why is it so important?
1:06.2	Well, it's super interesting because this number used to be a pretty much a million a couple of years ago.
1:12.1	So hasn't just fallen by 48% since last year.
1:14.8	Last year itself was significantly lower than the year before.
1:17.8	So it peaked around about 2022, 23.
1:21.2	Net immigration was a massive story.
1:22.9	And obviously, the more people there are in the country, the more people there are needing homes.
1:28.3	So it affects both house prices and rents. So whatever you're seeing figures about the number of homes that we need to
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