Hey everyone, Robby here with RobD, and you are listening to the Property Podcast.

Now, in some countries, property prices are crashing big time, and we will bring you the numbers

and tell you about those countries. But most important, we'll tell you what it means

for the UK property market.

Welcome to the Property Podcast. We're every Thursday morning. We share a little bit of what

we've learned from spending our time full time in property advising a fund and arranging

hundreds of transactions every year. So today, we're off on a tour around the world,

and you're going to hear some big and very surprising numbers as we do that.

And then stick around to the end, because in Habextrot, we've got an effortless way for you to save

some money. So for our new story of the week, we've got to talk about inflation because the good

use is inflation is down, and that's great. It's down to 8.7% from 10.1% in March.

So for April's figures, the latest figures which have just come out, inflation is down to 8.7.

What I found interesting in no Rob is that minutes after the announcement was made, one of our

mortgage brokers quickly got in touch, and they said, well, inflation is down, but swap rates are

going up. And I was like, what? That's a bit confusing. But there's a reason why that's the case,

Rob, because you would expect logic would dictate that, oh, well, if inflation is down,

then swap rates will improve as well. But there is a reason why they haven't.

That's right. At first, it makes no sense, but it's because everything is based around expectations.

So everyone knew that inflation would fall this month, and the reason for that is a big change

in energy prices, which happened now just over a year ago, have dropped out of the 12-month

calculation, which is how inflation is calculated. So everyone knew as a result of this, it was going

to come down. In fact, the market expectation was that it would come down further.

...