Hey everyone, Robby here with Rob D.

I'm going to tell you a story today about the worst tenant experience I've ever known.

It cost the owner of the property 10 to thousands of pounds, years of struggle. And the owner was me.

Welcome to the property podcast. Thank you for joining us. In case you don't know,

we run a business that has more than 100 million pounds worth of property deals every year

for our clients. You can find out about that at property hub.net slash invest. And, of course,

we invest ourselves and we like to bring our own experiences, our own learnings, our own observations

to the podcast. And my goodness, are we doing the extreme version of that today? You're not going

to want to miss this episode. Before we begin, this tale of woe and many other words that probably aren't suitable for a podcast,

let's give you our news story of the week because Rob, in the past we've talked about

the lack of supply in London. And there's been a really interesting news article out in the last

week, which builds on that story. Yeah, so this is related to the financial results

of the Barclay Group, which you would not think necessarily a house builder putting out

financials was the most exciting thing that happened all week. But what it tells us about the

challenges of the market is quite interesting. So Berkeley mostly build in the southeast and they mostly

build on Brownfield land. So they're basically building on hard mode.

They're facing the extreme version of the challenges that everyone's facing at the moment.

But the challenges are severe. They're effectively pausing new land purchases because, well,

we can't make this work. Giving building costs, land costs, financing costs and the current

lack of demand in the market, they're not confident that they're

going to be able to build and supply something at a price that anyone will want to pay and still give

them a profit. And in their announcement, they point to a whole range of factors. But what's

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