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The Property Podcast

TPP582: May Market Update

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 9 May 2024

⏱️ 23 minutes

🧾️ Download transcript

Summary

It’s the most talked-about topic in the property world right now: the Renters Reform Bill. After finally making its way through the House of Commons, the bill seems close to being passed – but what does this mean for property investors? We also look at an unexpected move for house prices, talk about the latest Bank of England moves, and find a surprise lurking in the rental data.  (0:35) Renters reform bill - the facts and our opinions  (9:35) A house price surprise  (13:30) Let’s look at mortgage rates  (17:28) What’s the latest data on rents?  (20:02) Hub Extra  Links mentioned:  Property Hub YouTube - Landlords: Is this the end?   House prices:  Nationwide house price index  Halifax house price index  RICS resident market survey  Mortgages:  Traders bet against sterling in belief BoE will cut rates by summer  Rents:  Rightmove rental tracker  Hub Extra:  Dial a pilot  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

Hey everyone, Robby here with Rob D and you are listening to the

0:06.0

Property Podcast and it's huge news this month. The Renters Reform Bill has

0:10.0

finally been passed. This is at the end of Bightlet as we know it. Well in this episode we'll find out. Yes, thank you for joining us. If you don't know, we have a company called Property

0:25.3

Come Invest that buys over a hundred million pounds worth of property for our clients every

0:28.4

year, which means the we keep a close eye on what's going on in the market. And this is the

0:32.2

episode every month

0:33.0

will be round up the most important stories for you. We've got news on

0:36.6

rental prices we've got house prices of course we've got mortgage updates but

0:40.9

before we do that the big story over the last month is the

0:45.3

renters reform bill Rob you are quick to the scene you put on a YouTube video out

0:49.7

on this very subject which we'll link to in the show notes but for those who prefer

0:54.3

the podcast formats and we do love you dearly for those who do let's first of all just

0:59.0

give everyone an understanding of what has happened because there's a lot of information out there and as you alluded to last week not all of it is correct.

1:08.5

So let's set things straight what has happened what are the headlines and then we can get into maybe some of the things that have been

1:14.0

misreported as well. Yes for sure so the reason this has been talked about again and this has been going on for

1:19.0

more than a year now is it has now finally passed through the House of Commons.

1:23.3

So politicians have finished arguing about it amending it and doing all their thing.

1:27.3

It's now off with the House of Lords.

1:29.3

When it comes back to the Lords, it should be ready to be made law.

1:31.7

Although there's some complications there,

1:33.2

which we can get into in a bit. And in the latter stages of its journey through the Commons,

1:37.2

there were three big changes that were made that are relevant and are all broadly good news for

...

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