TPP571: Update on the silent property crash
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 22 February 2024
⏱️ 16 minutes
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| 0:00.0 | Hello everyone it's Rob B here with Rob D and you are listening to the |
| 0:05.4 | Property podcast in this week's episode we bring you up to speed on the silent |
| 0:09.8 | property crash if you don't know what that is yet don worry. It is one of the most important things going on in the world of property right now that nobody is discussing. |
| 0:17.5 | And once we've given you a quick recap on what the sign of property crash is, we're going to be talking about how much further this crash has to go. |
| 0:25.0 | I can't wait to get into this episode. |
| 0:27.0 | Yes, welcome to the Property Podcast. Thank you for joining us. This is where we take time out for our day jobs in Property, where we did with our team over 100 million pounds worth of property deals last year, and we share some of what we've learned |
| 0:44.0 | along the way for free. And as an investor of course you want to know where property prices are going |
| 0:49.5 | next but it's so easy to be misled by what you see in the media and what you hear from your friends. |
| 0:54.6 | Because no one is talking about this concept of the silent property crash. |
| 0:58.4 | So that is coming up and make sure you stick around to the end. |
| 1:01.2 | Because in Hub Extra, we're going to be sharing some things that we do to |
| 1:04.4 | help us absorb new ideas more effectively. |
| 1:07.7 | Time for our new story this week and yet more good news for the housing market, this time |
| 1:12.1 | coming out of Right Move move who put out a |
| 1:14.4 | report showing that asking prices have increased by nearly 1% during February and of |
| 1:19.8 | course asking prices can do what they want but it doesn't matter if nobody is paying them but in fact |
| 1:24.2 | the number of sales agreed is now higher than the same period in 2019 which is the last |
| 1:30.0 | kind of what you call normal year that we have to compare to. |
| 1:33.2 | But the most shocking thing about this data, |
| 1:35.5 | highest prices have gone up the most in London. |
| 1:38.8 | Did not see that coming. |
| 1:40.7 | Maybe the London gloom has been overdone. Maybe prices have come down far enough. |
... |
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