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The Property Podcast

TPP564: Expert property predictions for 2024

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 4 January 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

Happy New Year! We’re kicking off 2024 with an exciting episode as we put industry experts in the hot seat to get their predictions for the year ahead.   (1:29) - What have the big businesses got to say?  (2:24) - Akhil Patel (Director of Property Share Market Economics)  (5:09) - Anisha Beveridge (Head of Research at Hampton's estate agents)  (8:10) - Vanessa Warwick (Co-founder of Propertytribes.com)  (12:03) - Kelly Rule (Mortgage expert)  (14:15) - Rob Wiggans (Head of Sourcing at Property Hub)  (18:20) - Hub Extra  Links mentioned:  Office for Budget Responsibility  Rightmove  Savills  Lloyds Bank  Property Hub Invest  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

Happy New Year, I'm Rob B. With me, of course it's Rob D and we are starting

0:08.1

2024 strong. Come on everyone, let's go. Welcome back to another year of the property podcast. It feels so good to be back. Hope you've had a wonderful

0:24.0

break and you are ready to make 2024 a good one. Of course at the start of the

0:29.3

new year you're wondering what lies ahead, what's going to be happening in the property market.

0:33.2

And this week we are joined by some experts from around the world of property to help us answer

0:38.0

just that question.

0:39.9

And do make sure you stick around to the end where we've got details of some extra special things

0:44.0

that are coming your way in January and of course it's all free.

0:47.8

It's a new year full of hope, full of excitement, full of uncertainty. What is 2024 going to hold for the property market in

0:56.0

particular? Well next week we're going to be making our own predictions but we don't

1:00.7

want to be out here on our own. We know we're the only ones looking silly.

1:04.0

So we have asked some experts from around the world of property to give us their predictions.

1:09.3

So you'll hear those in just a minute and there is quite the range of views. But before we get into those, it might

1:15.8

be worth rounding up some of the mainstream predictions, some of the big names, the ones you

1:20.0

always see out there, the ones with teams of PhDs bevering away at spreadsheets to come up with the best

1:25.3

forecasts they can. What's out there?

1:28.0

So let's do a round up for property price predictions for 2024. The OBR comes in down 4.7%. Right move says asking prices will be down 1%.

1:39.8

Savals are predicting a fall of 3% and Lloyds are predicting a fall of 4%.

1:48.0

Rob let's go back under our dovays.

1:50.0

This year's not worth having.

1:51.0

Well, maybe not so soon because actually those

1:54.7

predictions are from very respectable organizations but those very

...

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