Hey everyone, it's Robby here with RobD and you are listening to the Property Podcast

market update.

Of course, we're going to be talking about property prices, lots in the news there and

the mortgage market has to be the big one.

Products are being pulled, people don't know what to do.

Not only do we tell you what's happening, we give you advice on how you should approach

the mortgage market right now.

Welcome to the Property Podcast, which I think really thrives at times like this when

there's so much uncertainty and there's so much going on because we do this full time.

We spend all our weeks running pretty decently sized businesses in property, making investments

for ourselves and our clients, so we have a front row seat for what's going on.

We benefit from conversations and insights that the mainstream media just does not have access

to and this podcast is how we bring that to you for free, so let's get straight into

it.

Okay, market update time and as is traditional, let's start with house prices where the

data is a bit confusing because nationwide is reporting that last month, house prices

fell by 0.1%, which means we're now about 4.7% below the peak in house prices, which

is last summer, but asking prices, according to right move, are up, they're up 1.8%, which

is far higher than the increase that you normally see at this time of year.

So what's going on, it seems like wall to wall, bad news everywhere you look, but seems

like no one's told the property sellers.

All the buyers really, because it depends on what your class is bad news.

...