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The Property Podcast

TPP316: The "smart money" secret trend revealed

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 4 April 2019

⏱️ 21 minutes

🧾️ Download transcript

Summary

This week on The Property Podcast, Rob & Rob are giving away some top secrets. Just a couple of decades ago, city centres were considered no-go places to live, and those who were deemed “successful” were the ones who escaped to the suburbs. How times have changed!   Now, city centre living has never been so popular. To throw a few stats out there, the population of central Birmingham has grown by 163% since the millennium and Liverpool has grown by a whopping 181%. In today’s episode, The Robs are answering a number of questions around this topic: What’s changing the sentiment of city living and are places like Manchester and Birmingham in danger of suffering loss of confidence like London is currently? As an investor, is this a trend you should be trying to take advantage of? Is this a short term trend? And is there a bubble that may burst? Tune into this week’s Property Podcast to find out the answers to this ‘secret trend’. In the news this week, research shows that generation rent are wanting to live in city and town centres. This shouldn’t come as a real shock considering it’s the same generation that has practically been priced out of buying. But what was surprising was that 91% of them said that’s exactly where they want to live - certainly good news for both the high street and if you’re a landlord of city and town centre properties. Good news! If you’re a Property Hub Magazine subscriber, the next issue will be landing on your doorstep in the next few weeks. The cover story is about the UK’s return to urban living. So, if you’re not a subscriber, head on over to our website and subscribe to receive the next issue. Our Hub Extra resource this week is an attempt to get you out of the city and into the countryside, allowing you to enjoy the beautiful nature, wherever you are. Go Jauntly is the perfect app if you’re wanting to get out of the house and be at one with nature but you either have no idea where to go or you fancy trying somewhere new. Simply log into the app, click on your location and the app will bring up walks near you. So all you've got to do is pack up the car, get your walking boots on and enjoy the sights.   We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic 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. 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

On the property

0:03.0

property podcast we like to get you ahead of the curve.

0:06.0

We want to point out to you cities and towns that are literally going places

0:10.0

but this week we're going to talk about a trend that if you understand will put you at a real advantage as a property investor. Welcome to the Property Podcast. This is episode 3.15. I am Rob D with Rob B.

0:27.6

Thank you so much for joining us for what is going to be a really important episode.

0:31.6

This week we're going to give you lots to think about.

0:33.7

Hopefully it's one of those episodes that's going to stick with you and leave you thinking

0:36.8

throughout the week. So lots to look forward to and stick around to the end because we've got a resource for you

0:40.9

that's going to help you to get more out of one of our

0:42.7

favorite activities. So this week's news story the headline is Generation Rent is

0:48.5

reshaping the UK property market and this is from the business leader website.

0:53.0

And there's some really interesting data here and information that's been taken from research put together by a software company.

1:00.0

The research shows that city and town centers is where generation rents wants to live and generation renters

1:06.1

Jed Zen and millennial renters who've been priced out of home purchasing. Now that might not come as a surprise that their preference is city or town

1:16.0

center living. What kind of surprise me Rob is how many? It says that 91% of that group wants to live in city or town centers, which is huge.

1:25.8

I thought it would be the majority, but that's quite overwhelming.

1:29.0

That's a big, big number.

1:30.3

It is a big number and the article also talks about how this is good news for the High Street because it opens up opportunities for redeveloping former retail premises that would otherwise be sitting empty because I think the shift away from retail and to buying online

1:45.0

isn't going to flip back anytime soon. So you've got lots of empty buildings

1:49.0

that can be repurposed either for residential or for uses that are going to appeal to the kind of people are going to be living in that area now

1:57.0

So it doesn't talk about this in the article, but for example on Oxford Street. There's a former department store there's now a really good

2:03.8

mini-golf course so this shift does open up interesting opportunities and it also

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