TPP455: December Market Update

The Property Podcast

Rob Bence & Rob Dix

Business, News, Education, Business News, Investing

4.8 • 2K Ratings

🗓️ 2 December 2021

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s the December Market Update Rob & Rob are back with your monthly update, and it’s safe to say the market isn’t ready to wind down for Christmas just yet. From rents shooting up, to potentially devastating news for Welsh landlords. And a fall of 52% in property transactions... The Rob’s have got plenty to cover. All the links you need to get stuck in are just below: Sales UK house sales fall 52% in month after stamp duty holiday deadline Rents Has Covid finished off the rental market? UK rents ‘rising at fastest pace in 13 years’ Rents up sharply in prime areas of London as market bounces back Savills - Rental revival Landlords face punishing new costs under property wealth tax plan Mortgages Bank of England considering easing mortgage rules in move that could boost house prices Kensington launches long-term fixed rates up to 40 years Cladding BoE concerned cladding crisis poses risk to UK financial stability Cladding scandal: How plans to make flat leaseholders pay for repairs have been put on hold Other Legal Warning — some buy to lets will never meet new EPC targets Carbon Monoxide alarms must be fitted in private rentals with gas boilers And finally... Research lays bare failure to tackle criminal landlords Hub Extra This week’s Hub Extra is coming straight from our producer, Dan. The Beatles: Get Back follows The Beatles along the making of the Let It Be album. Oscar winning film maker Peter Jackson, has compiled hours of unseen video and unheard audio to create a three-part documentary on this pivotal moment in music history. It’s definitely one to add to your must-watch list. Let’s get social 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	If you are ready to put up your feet, eat your mince pies, drink your mould wine and forget
0:06.8	about property well, stop right there.
0:09.3	Those loads going on in this market update, we're going to tell you about falls of over
0:13.2	52% in property transactions, news of rents, shooting up, and some potentially devastating
0:19.5	news for landlords in Wales.
0:27.8	Welcome to the property podcast, where every Thursday morning, property investors come
0:31.0	to be informed and inspired.
0:32.8	There's so much you need to know about this month, both to help you operate at a more strategic
0:36.8	level with your investments, but there are some specific rules and changes you need to
0:40.6	be aware of as well.
0:41.8	And make sure you stick around to the end for hub extra, we've got a recommendation that
0:45.2	will sort out much of your Christmas viewing for you.
0:48.3	Time then for our market update, and you may think that things could be winding down a little
0:52.0	bit towards the end of the year, but no, it's actually been absolutely loads going on in
0:56.7	the property market over the last month, and we're about to round all of it up for you
1:01.5	right now.
1:02.5	We're going to cover some rules, changes you need to know about, we're going to talk
1:05.1	cladding, we're going to have some really interesting developments in mortgages, but
1:08.3	as always, Rob, we're going to start with a big picture and talk about sales and rents.
1:13.5	And Rob, terrifying headline here, UK house sales for 52% in a month, what's going on?
1:19.2	As I catch you, isn't it, that headline, well, let's start off with something that's
1:23.9	quite remarkable for a new story.
	...

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