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The Property Podcast

TPP568: Do NOT invest here in 2024

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 1 February 2024

⏱️ 22 minutes

🧾️ Download transcript

Summary

This week Rob & Rob toe the line, as they run through the places to avoid investing in 2024. Tune in to find out why and see if you agree!  (0:50) News story of the week…   (1:45) An exciting opportunity for our listeners!  (2:41) What areas should you avoid in 2024?  (3:05) The seaside resort that’s reached its peak  (4:00) A great holiday spot with oversupply  (5:21) Avoid new build projects in this area  (6:54) A magnificent city with limited growth  (8:00) The anti-landlord area  (9:25) When compelled to pick one of these areas, which do Rob & Rob choose?  (11:43) The area Rob & Rob would avoid at all costs  (13:50) An area that’s missing their own fundamentals  (17:17) Hub Extra: ChatGPT Links mentioned:  Subscribe to our Property Hub Magazine  Email our magazine editor with your story here  Sunak considers radical plan for 99% mortgages to help first-time buyers   ChatGPT  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!   Subscribe to the Podcast    Subscribe to our YouTube channel     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 Rob B here with Rob D and you are listening to the

0:05.3

Property Podcast this week we pick out the areas you must not invest in in

0:09.7

2024 and we're going to wind up and annoy about 57% of the nation.

0:17.0

Welcome to the property podcast. Thank you for joining us. We spend our weeks advising a

0:26.0

multi-million pound property fund and we did over a hundred million pounds worth of

0:29.4

property deals last year. This is a show where we pass on some of what we learn along the way for free.

0:34.1

Coming up, we're going to be steering you away from some areas that you should not be investing in this year and

0:38.8

potentially saving you from making some expensive mistakes. And make sure you stick around to the end,

0:44.0

because in Hab Extra, we've got some tips

0:45.0

that could make all the difference to how you research your next investment.

0:49.0

Loads of news around at the moment,

0:51.0

and probably the most eye-catching story among them you

0:54.3

may have seen is the rumor that Rishi Sunak is considering a return to 99%

0:58.8

mortgages for first-time buyers. Who would have thought in an election year we'd start seeing things like this?

1:04.0

So this would basically be a return of the Help to Buy scheme, which is only just finished after about 10 years,

1:09.0

but souped up even more so first-time buyers would only need a 1% deposit. This is of course

1:14.8

going to be a big year of political claims schemes, ideas, giveaways, you name it.

1:19.8

And whether this particular plan comes to fruition or not,

1:22.8

housing is going to be a big issue in this election,

1:25.8

till there's plenty more where this came from.

1:28.0

And there's plenty more news around at the moment as well.

1:31.2

So next week is our monthly market update episode. Make sure you

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