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The Property Podcast

TPP552: October Market Update

The Property Podcast

Rob Bence & Rob Dix

Business, News, Education, Business News, Investing

4.82K Ratings

🗓️ 12 October 2023

⏱️ 18 minutes

🧾️ Download transcript

Summary

Hit play to dive into your October Market Update – that time of the month where Rob & Rob cover the hottest stories and key information that you need to know about as a property investor.     (1:05) House prices - what’s happening?  (2:30) Mortgage news  (5:16) Rent talk   (8:14) Rob’s rant: HS2   (10:34) Damp and mould - new Government guidance  (12:00) EPC rules scrapped   (12:24) Renters Reform Bill  (12:50) New York ban Airbnb - is more to come?  (14:50) Hub Extra    Links mentioned:  Silent property crash  Damp and mould guidelines    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

Click on a timestamp to play from that location

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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