TPP310: The real reasons why property goes up in value
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 21 February 2019
⏱️ 24 minutes
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| 0:00.0 | Hello, welcome. It's the Property Podcast. I'm Rob B with Rob D and it's episode |
| 0:07.0 | 310. The Fundamentals Roadshow carries on and this week we're looking at the |
| 0:12.0 | real reasons why Property goes up in value. |
| 0:15.0 | Now, understanding is pretty cool, but what's even better is using it to your advantage. Yes, thank you for joining us again for the Property Podcast, where every Thursday morning |
| 0:31.7 | property investors come together to be informed and inspired. Property for the long term and if that weren't enough stick around to the end for hub extra |
| 0:44.4 | where we've got a book that's going to change your mindset about what is possible |
| 0:48.0 | so quite a shocking headline this week Rob the headline reads and this is from Sky News |
| 0:53.9 | is your move owner to close 124 High Street branches to boost profits and your |
| 1:01.4 | move have a number of different brands under their belts but it's actually |
| 1:05.3 | Reed Reigns. |
| 1:06.3 | They're Reed Reigns chains many people would be familiar with. |
| 1:09.6 | They're shutting down a hundred and twenty four branches which is huge overall the amount of branches is going |
| 1:15.9 | down from 404 to 280 that's quite staggering that's not like let's do this |
| 1:21.6 | slowly they made a big cut there but the thing that really |
| 1:24.8 | stuck out for me Rob the new strategy is aimed to ensure profits of at least 80,000 |
| 1:30.3 | pounds per branch that sounds like they're being aspirational. Like if $80,000 per branch is an aspirational |
| 1:37.4 | target, then I think the death of the High Street agent is going to be sooner than we possibly thought. |
| 1:43.6 | Yeah and credit to you Rob this is something that you've been predicting for a long time |
| 1:47.2 | saying that the High Street agency is going to be a thing of the past and it's not a thing of the past |
| 1:51.2 | yet of course this is only one chain cutting its numbers but it's a big chain it's not a thing of the past yet. Of course this is only one chain cutting its numbers, but it's a big cut. |
| 1:55.8 | And this could well be the first of more to come. I'm sure all their competitors will be keeping an eye on this to see how it goes. |
| 2:01.9 | But it does feel somewhat inevitable and there are so |
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