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The Property Podcast

TPP363: Rob & Rob fix the property market (updated)

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 27 February 2020

⏱️ 31 minutes

🧾️ Download transcript

Summary

We’re back again for another episode of The Property Podcast and this week it’s an ambitious one as Rob & Rob try and fix the property market.  Today’s chat started with a very interesting article that appeared in the January issue of The Economist. It takes a global perspective of the property market and formed the basis for today’s property podcast.  The Robs have delved into the good old supply and demand debate while also talking about the inequality between generations, the balance of home ownership vs renting and how different countries handle issues around housing.  Ultimately, is our planning system broken?  There’s so much to cover. And we don’t just mean for the UK property market, we’re talking globally!  It’s no shock to hear that the property market needs fixing, but what do we think the answer is? Well, you’ll have to tune in to find that out.    The Robs have said for a while now that optimism has been increasing in-line with the 18-year property cycle and have very conveniently uncovered a news story to back this up!  There’s been a 17% increase in new buyer enquiries for land which shows that developers are keen on building again. And because a development can take a few years to build, this is a strong indication that we’re on track for a healthy few years.  There's also another news story with data from an online evaluation service highlighting that the number of potential vendors requesting evaluations from estate agents more than doubled from December to January. It was expected to be up anyway because December is always a quiet month and January is always the time people want to make a change, but doubling in numbers is a significant increase.  The signs are there. Estate agents and developers seem to be more positive. But does that mean it's boom time now?  In short….no. But it’s the first sign of positivity for the next part of the property cycle.   This week’s Hub Extra is a great podcast to help you unwind. It’s called A Meditative Story. This is a great one that will allow you to switch off after a busy day. It’s a new kind of listening experience with mindfulness prompts. Rob found it gave him a clearer and settled mind after listening. We highly recommend this podcast just as that little something to give you a more mindfulness practice whenever you need it.   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

Click on a timestamp to play from that location

0:00.0

Hi everyone it's Rob B here with Rob D and you are listening to the

0:05.8

property podcast now I think Rob and I are getting a little ambitious because this

0:10.3

week on the podcast we try and fix the whole of property.

0:13.6

Welcome to the property podcast where every Thursday morning property investors come to be informed and inspired.

0:25.6

There's so much in our discussion this week.

0:27.5

We're talking about planning, we're talking about rent controls, we talk about economic cycles.

0:30.8

There's a lot going on.

0:31.6

So if your mind is spinning by the end of this episode

0:34.0

don't worry stick around for hub extra because we've got a great tool to help you unwind.

0:38.2

So a couple of weeks ago we did the podcast How to Invest over the next seven years and we were pretty

0:44.4

positive about the property market and we felt based on the property cycle that from

0:48.9

this point on things will improve and optimism will increase well very conveniently Rob we've got two news stories

0:54.7

that seems to back up that theory. Yes there are lots of different indicators all

0:58.8

converging on the same thing which is always encouraging so it's not just one number that there might be a problem

1:03.7

with that's leading you to a false conclusion. Seeing it in lots of different places, so there's a story

1:08.1

about property development confidence and so there's a 17% increase in new buyer inquiries for land, which shows that

1:15.5

developers are keen on building again. And because a development can take a couple of

1:20.3

years that shows that they seem to think that the next couple of years

1:23.4

are going to pan out okay and there's more certainty around what market

1:26.4

conditions will be in a couple of years time than there was previously.

1:29.1

There's also another story with data from an online valuation service saying that the number of potential sellers

1:34.7

requesting valuations from estate agents more than doubled between December and January.

...

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