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The Property Podcast

TPP586: Should property investors be scared of Labour? (Election special)

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 6 June 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

It's the topic that sparks the most passionate debates: politics! With the unexpectedly early election just around the corner, what does this mean for the property market, and will a potential new government bring significant changes? Join us as Rob & Rob tread on dangerous territory, sharing their thoughts and opinions on the possible impact of a Labour government!

  • (0:40) News story of the week
  • (2:49) Let’s get into it…
  • (3:20) What’s happened as a result of the election being called early?
  • (6:40) What will happen in the run-up?
  • (8:40) What will happen if Labour win?
  • (16:30) What do we make of it all?
  • (22:18) Hub Extra

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Transcript

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0:00.0

Hey everyone, Rob B here with Rob D and you are listening to the Property Podcast.

0:06.4

This week we're moving into dangerous territory.

0:09.3

We're going to be discussing politics and looking at should you be fearful of a potential labour government. Welcome to the Property Podcast. Thank you for joining it. In case you don't know, we run a business that

0:26.0

pays over a hundred million pounds worth of property for our clients each year. You can

0:29.2

find out about that at Property Hub. Net. Invest. But today, yes, of course, Ritchie caught us on a hop.

0:35.0

We weren't expecting to be here talking about an election in June, but we are and we've got thoughts.

0:40.1

It's time for our news stories of the week and we will have a bumper episode next week when we bring you our market update for June

0:47.2

Lots to cover there but let's keep you up to date with what's happening now and house prices are up again.

0:54.7

And we have the figures out from nationwide and prices are up month

0:58.2

for the month of May by 0.4%.

1:01.5

A reminder of what happened in April, it fell by 0.4%. A reminder of what happened in April? It fell by 0.4%. So we've evened out the last two months.

1:07.0

What's interesting now, it's house prices are up overall.

1:11.0

So we're about 1.2% up for the year so far. So we saw a rise in January, a rise in

1:16.8

February, a slight fall in March, a slightly bigger fall in April, and then May

1:21.4

cancelling out April's numbers. So up by 1.2 percent but that's only for five months of the year

1:28.1

and that is already better than what most people had predicted would happen this year.

1:32.1

Of course we've got a lot of year left and a lot could change, but that's fairly solid numbers and as we talked about on the podcast before, sensible and solid growth is what we're all about.

1:42.7

The market's not manic, but it's stable,

1:45.0

and you can do good deals in this environment.

1:47.1

So long may this slow, steady, and slightly boring growth continue.

1:51.2

Yeah, absolutely.

1:52.4

And it's all lining up a bit more again now

...

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