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The Property Podcast

TPP539: July Market Update

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.8 • 2K Ratings

🗓️ 13 July 2023

⏱️ 21 minutes

🧾️ Download transcript

Summary

It’s Market Update week! This is your chance to catch up on the latest and get to grips with what’s happening in the property market right now.  (0:50) Property Hub Select  (2:09) House prices   (7:44) Mortgages  (11:17) Rents  (12:55) Investor sentiment  (15:30) Rent controls  (16:51) Tenant preferences   (18:45) Hub Extra  Links mentioned:  House prices relatively stable in June but annual growth remains in negative territory  Rightmove: House Price Index  Halifax: House Price Index  Buyers negotiate on price to achieve biggest discounts since 2018  Five-year fix tops 6% for first time since November: Moneyfacts  Mortgage pressures will not tip UK into wave of repossessions, FCA says  Total lending bounces back but remains much lower on annual basis  How long can the UK rental crisis last?  Just 5% of private rentals affordable on housing benefit  Renters protest against ‘rampant profiteering’ outside landlords’ convention  Four in 10 BTL landlords plan to expand portfolio – Landbay  BREAKING: Lisa Nandy confirms Labour has U-turned on rent controls  'Rental ads saying no to kids forced us to sofa surf'    YouTube: Tom the Taxi Driver  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

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

0:07.0

and it is market update time. We'll be covering house prices. We'll be talking about

0:11.2

the mortgage market is all over the place right now. The rental boom which just seems

0:15.5

to be continuing and some common sense from politicians. Who knew?

0:19.9

Yes, welcome to the Property Podcast where every Thursday morning we take time out from

0:29.5

advising a multimillion pound property fund and putting together hundreds of deals for

0:32.8

our clients every single year and bring you some of what we've learned along the way

0:36.2

for free. And with the scale of what we and our team are up to, we've got a front row

0:39.8

seat for everything that's going on in the news at the moment and there is a lot. So

0:43.1

we'll be bringing all of that to you today and do make sure we stick around to the end

0:47.2

where I'm going to be revealing far too much about my pre-bed routine.

0:51.1

Just a quick note on property hub select, if you've missed it, it's a new education

0:55.6

frenzy that we're giving away to anyone who becomes a client, whether that's through

1:00.3

portfolio or property hub invest. And the demand has been that phenomenal.

1:04.9

But that's understandable because anytime we mention it on the podcast, things go a

1:08.5

little crazy. So we last week mentioned that we are going to restrict the amount of people

1:13.6

that were bringing it in each month, certainly through portfolio anyway. And we've capped

1:19.0

that 50 people a month. And we're very pleased to say that the next couple of weeks will

1:23.0

be onboarding our next 50 people. So if you have inquired, you'll be hearing about

1:26.8

that soon. And we're about to do our first master class. So that's really exciting. We'll

1:31.6

tell you more about how that goes next week, but it's going to be on a subject Rob D is

1:36.2

a bit of an expert on. So plenty going on. And if you're thinking what it's all this

...

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