TPP557: November Market Update
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 16 November 2023
⏱️ 18 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | Hey everyone it's Robbie here with Rob D and we have an action-packed market update for you. |
| 0:09.0 | We have a strange month for property prices, some very big property predictions for next year, |
| 0:16.8 | and of course we'll bring you up to date on everything else that's happening in the market, |
| 0:19.7 | including rents, mortgages and all the government shenanigans. |
| 0:23.3 | There's lots to talk about. |
| 0:24.8 | Welcome to the property podcast. |
| 0:32.2 | Thank you for joining us, where we take some of what we've learned from advising a Property Fund and putting together hundreds of transactions every year and bring some of that insight to you for free. |
| 0:41.0 | We also share what we can in the Sunday Times and this Sunday we're helping |
| 0:44.6 | an investor who spotted a property with cladding and reckons he might be able to make the best |
| 0:48.7 | of that situation to grab a bargain but can he and how can you do you the pick up the Sunday times for the answer to that one |
| 0:55.4 | but for now let's get into our market update what a month absolutely tons going on |
| 1:01.2 | to absolutely huge stories in the realms of politics so we'll come to those |
| 1:04.8 | but Rob will start as we always do with house prices. So into our market update so much |
| 1:11.0 | to pack in absolutely loads coming up but we'll start as we always do with |
| 1:15.4 | house prices and Rob day is night black is white house prices are going up what the |
| 1:21.4 | hell is going on I do not know know Rob. I'm going to stop trying to guess because it's a crazy market right now. Now you may not know, listening to this, that last month property prices went up and I thought it might just be an anomaly, |
| 1:34.0 | because the nationwide price index came out first, |
| 1:37.0 | and that showed that property prices had gone up for the month of October. |
| 1:41.0 | Okay, but that's nationwide, but surely when Halifax's numbers come out, it might |
| 1:46.8 | counteract that. It's just something wrong with their data. But no, Halifax also showed that property prices are up in October. |
| 1:55.4 | So nationwide showed growth of nearly 1%, 0.9%. |
| 2:00.4 | And Halifax actually went through 1% and prices rose by 1.1%. |
... |
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