TPP548: September Market Update

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 14 September 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

There’s a lot of media attention around the property market right now, and it’s hard to really understand what’s happening. So, tune in as Rob & Rob dive into the data behind the headlines and give you an insight to what’s going on. (1:28) House prices (5:30) Regional affordability (8:58) Interest rates (11:25) Mortgages (13:14) Rents (14:28) Landlords selling (15:51) Rental control (21:02) Hub Extra Links mentioned Resources 3 strategies to bag yourself a deal in a difficult market The silent property crash Property Pulse Alex Hormozi House Prices Nationwide House Price Index Halifax House Price Index Rightmove House Price Index Experts predict 7% house price falls but call it ‘a correction, not a crash’ Affordability Zoopla House Price Index Macro Investors scale back bets on Bank of England hiking interest rates Mountain view: Bank top economist offers two routes to beating inflation Mortgages What are the current UK mortgage rates? HSBC and NatWest cut mortgage rates again as rivals tipped to follow Nationwide and Santander slash mortgage rates – ‘other lenders may follow’ HSBC offers 40-year mortgage term to cut monthly bills - but it will cost more overall Bank of Mum and Dad will contribute to 47% of house purchases this year Rents Rents jump 10% to top a record £1,240 in July: Homelet London’s Rental Squeeze Is Getting Even Tighter Tenants Struggling PropertyMark Housing Insight Report Third of working tenants in England ‘lack savings to pay rent if they lose job’ No-fault eviction proceedings hit highest level for six years in England Landlords Selling Britain’s Landlord Selloff May Be Much Bigger Than First Thought Landlords selling up have left it too late for maximum gains Politics Growing the economy and tackling poverty 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.
0:07.7	And this week it's market update time, we're talking about property prices, we're talking
0:12.1	about the rental boom but more importantly we get into the data and understand what is
0:17.4	happening under the surface level that's influencing all these big numbers you're seeing.
0:28.6	Welcome to the Property Podcast, thank you so much for joining us episodes like this
0:32.1	where I think this show comes into its own because we are of course reading the property
0:35.5	news every day but also we and our team are getting underneath the headlines and seeing
0:39.5	what's actually happening at different pockets of the market and we are going to be bringing
0:43.3	all of that to you today.
0:45.1	So do stick around and stay all the way to the end because you have extra, we've got
0:48.4	a recommendation which if you are a business owner or interested in becoming one you really
0:52.5	must check out.
0:54.6	Now of course our market update is full of news and update on what is happening in the
0:59.7	world of property and of course we touch on the economy as well.
1:03.1	But if you just can't get enough then maybe you should pick up the Sunday times on Sunday
1:07.1	because you'll see our smiling faces looking back at you where we'll be answering two more
1:11.3	questions Rob.
1:12.3	Yes and we're helping one Sunday Times reader who's having every landlord's worst nightmare.
1:16.4	The new tenant just moved in a couple of weeks ago and it is not going well.
1:20.2	I don't want to know if there's anything to do to save themselves from having another
1:22.7	year of this.
1:23.9	So do pick up the Sunday Times or find it online if you're a subscriber to see what we have
	...

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