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The Property Podcast

TPP571: Update on the silent property crash

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 22 February 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

It’s the topic that seems to be flying under the radar – the silent property crash! Join Rob & Rob as they give a recap of what the silent property crash is, its current status and what this could mean for the property market.  (1:07) News story of the week   (1:55) The silent property crash  (2:25) What is the silent property crash and why is it crucial to understand it?  (3:45) Is the crash still ongoing?  (5:42) What’s going to happen next?  (13:14) Hub Extra: A great life-hack…  Links mentioned:  Rightmove House Price Index  TPP541: The silent property crash   The silent property crash of 2023  Listen Notes  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  Find out more about Property Hub Invest  See omnystudio.com/listener for privacy information.

Transcript

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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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