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The Property Podcast

TPP356: Predictions for 2020

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 9 January 2020

⏱️ 19 minutes

🧾️ Download transcript

Summary

We’re back again for another episode of The Property Podcast and this week it’s one of our favourites - Rob & Robs buy-to-let property investment predictions for 2020. A couple of weeks ago they reviewed their predictions for 2019 and they didn’t do too badly. But can they make it a clean sweep this year?  The Robs are making some bold statements for 2020, some of which Rob D isn’t convinced they’ll get right. So what are they making predictions on?  The top five cities to invest in property this year What’s happening to the UK as a whole  London - should it be back on our radar? The base rate Big announcements in the budget  And just for fun, they’re making predictions on the stock market, the US election and who will win the Premier League - although we all know who Rob B is backing before we’ve even listened.  So tune in to find out whether The Robs property predictions for 2020 are positive, negative or just a bit too hard to call.  It’s not just Rob & Rob who are dishing out their predictions, they’re looking at other property experts too. In the BBC there’s a summary of what property experts are predicting for 2020. Everyone seems to be expecting around a 2% increase in house prices, however there’s one person who has predicted a 2% fall! So should you be worried? And this week for Hub Extra, we’re giving you an inspirational quote to get you kick started and motivated for the rest of 2020: ‘Failure is the opportunity to begin again more intelligently` - Henry Ford As this time of year is usually a time for self reflection, you can look back on the past year, or even the past decade, and see where you’ve been successful and where you’ve failed. But at the end of the day, don’t beat yourself up about it, learn from your mistakes and try again with a new perspective.    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.   Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! 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

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0:00.0

Hello everyone and welcome to the property podcast. I'm Rob B with Rob D and we've got a cracking episode for you.

0:09.2

January it's predictable. You might join a gym, do a bit more exercise, cut down on the alcohol, and

0:15.6

Rob and I make some crazy predictions. Welcome to the Property Podcast where every Thursday morning property investors come to be informed and inspired.

0:30.0

A few weeks back we reviewed our predictions for 2019 and you know what we did pretty well.

0:35.0

So emboldened by that we're doing it all again and perhaps over emboldened by that.

0:40.0

We're getting very specific in places and we're venturing further from property than we probably

0:44.9

should. How daft are we going to look in a year's time? Stick around to find out.

0:48.2

So it is the Predictions episode. So it's only fair that rather than just putting ourselves on the line here

0:54.8

with predictions we look at property experts and their predictions for

0:59.2

2020 as well and there's an article in the BBC which was a nice summary of all the

1:05.4

viewpoints of some of the industry's experts.

1:07.7

Yeah there's a lot of consensus here pretty much everyone is going for around about a 2% rise in prices. So you've got someone from

1:16.6

the Halifax saying 1 to 3%, you've got someone from Capital Economics saying 1.5%, but very much converging around the 2% mark.

1:25.6

So we'll see later on how that aligns with our predictions for the coming year.

1:29.6

But there is one notable exception to that consensus.

1:32.2

There is. Henry Pryor who quotes himself

1:35.7

has been called the BBC's favorite property expert which is probably true because

1:39.5

they do bring him on fairly frequently it's gone against the rest of the experts and predicted a 2% full.

1:46.3

So should we be worried Rob that Henry has gone at minus 2%? Are we in for a bad year?

1:51.3

Well let's see, shall we? Just before we recorded we did the one thing that

1:54.0

anyone who makes predictions never wants you to do which is to actually go back and look at the past

1:57.8

predictions he's made. So how about you read out what Henry said in past years and I'll read out

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