TPP552: October Market Update
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 12 October 2023
⏱️ 18 minutes
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| 0:00.0 | Hey everyone it's Rob B here with Rob D and you are listening to the |
| 0:05.9 | Property Podcast it's market update but market update plus because we're gonna bring you |
| 0:10.0 | all the latest news I promise you a rant and an incredibly exciting tool. |
| 0:15.0 | Yes welcome to the property podcast thank you so much for joining us for this important |
| 0:25.0 | episode so critical as an investor to be on top of what's going on in the news. |
| 0:29.4 | So this is the episode, once a month we make it really easy for you to do that by bringing it all together in one place. |
| 0:34.8 | Of course for specific guidance about how this affects you, you can turn to Ask Rob and Rob. |
| 0:38.8 | Our episode on Tuesdays and send us a question at Property Hub. |
| 0:41.8 | Net slash Ask. Or you can write into our Sunday Times column. |
| 0:44.7 | Where this Sunday we're going to be advising a landlord who is so spooked by the |
| 0:48.0 | Renters Reform Bill, which we have news on in a minute, |
| 0:50.8 | that they want to get out completely. So you can check that out by picking up the Sunday times or online if you're a subscriber. |
| 0:56.2 | So let's get straight into this month's update because there's loads going on especially in the realms of politics as I've said. |
| 1:02.1 | Lots to cover there but let's start as we always do with House prices. |
| 1:06.0 | Well, after we recorded last month's update, Halifax figures for August came out showing a drop. |
| 1:11.0 | Halifax figures for September have not yet come out, but nationwides have, and they |
| 1:16.4 | showed house prices as being flat throughout September, which puts the 12-month decline for nationwide |
| 1:22.4 | at 5.4 percent and Halifax at 4.6% |
| 1:26.1 | so around about 5% off the peak. |
| 1:28.6 | That's being spun in the headlines as the biggest fall for 14 years or whatever which is true but also completely |
| 1:34.5 | unsurprising because haven't really been any falls in that time so not |
| 1:37.6 | particularly exciting in itself what everyone wants to know Rob is what's going |
... |
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