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The Property Podcast

TPP569: February Market Update

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 8 February 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

Interest rates remain the same, but what does this mean for the property market? Tune in as Rob & Rob give you this month’s key information on rents, mortgages, government shenanigans and more!  (1:10) Interest rates update  (1:43) Big news on house prices  (7:10) Rents slowly increase  (8:57) Mortgage approvals are up again, but what about the rates?  (10:06) What’s going on in the House of Commons  (15:25) Hub Extra: The Price Of Money  Links mentioned:  House Prices   Nationwide house price index  Zoopla house price index  Monthly sentiment survey from RICS members  Rents  Rightmove rental trend tracker  Mortgages  Bank of England money and credit  Politics  IFS -It's time to stamp on a tax that penalises landlords and renters  Landlords welcome pragmatic amendments to rental reform plans  What will happen to the Renters (Reform) Bill should Labour come to power?  Sunak considers radical plan for 99% mortgages to help first-time buyers  Follow Rob B & Rob D on LinkedIn  Purchase Rob D’s book The Price Of Money here  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 Robby here with Rob D and you are listening to the Property Podcast.

0:06.0

It's our market update. We've got big news on house prices, stamp duty, being removed, and will we see a 99% loan to value mortgage?

0:16.0

All that and so much more in this week's pod. Welcome to the Property Podcast. Thank you for joining us. If you don't already know,

0:28.0

we found a company called Property Hub, which did over a hundred million pounds worth of

0:31.3

property deals last year, and this is the show where we bring

0:34.0

you some of what we've learned along the way for free.

0:36.7

We also have a column in the Sunday Times and this week we're helping a landlord who's

0:39.8

had probably one of the worst things you can possibly have as a landlord happened to them

0:43.6

which is that who they thought were their tenants are not their tenants their

0:46.7

property has been illegally sublet to people they don't know and they don't know

0:49.7

what to do about it so we are helping them. You can find that if you pick up the

0:52.7

Sunday Times this weekend. But right now we've got loads of news to cover.

0:56.2

It's time for our market update and it's been quite the start to the year.

1:00.8

2024 is still young but there's loads going on in the world of politics, which we'll be covering

1:05.1

shortly.

1:06.1

Plenty to say about house prices as well, because there are some surprises there.

1:09.4

But we should start with interest rates, which are actually the least interesting item this week because

1:14.2

nothing's changed. Bank of England had their meeting last week, decided to keep rates as they

1:18.2

are, but the path of rates so important obviously for mortgages and the housing market at the moment.

1:23.0

Everyone's been analyzing what the individual members of the committee

1:26.0

were doing and how many people were voting for this

1:28.0

and how many for that

...

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