TPP356: Predictions for 2020
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 9 January 2020
⏱️ 19 minutes
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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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