Hey everyone it's Rob B here with Rob D and you are listening to the

Property podcast and this week we get into a deep conversation we talk about our

beloved 18-year property cycle in a way we've never before a warning some people may find this episode upsetting Welcome to the Property Podcast. Thank you for joining us. In case you don't know, every year

we buy more than a hundred million pounds worth of property for our clients and

ourselves and this is the show where we share some of what we've learned along

the way. Today we are talking about the property cycle. Is it dead? Is it just

resting? We share our views in this episode and as Rob said it is going to get a bit emotional.

It's time for our news story of the week and we are going to talk about house building targets in the UK.

Now we have always had targets, but until very very recently in the last few days actually, they have been optional targets, more of a guiding or an aspiration, but labour have changed things and now those targets have become mandatory and each council has to build a certain amount of properties and it is actually

broken down of what each area needs to deliver.

Now we're not going to get into that detail here, but the interesting thing is all these numbers added together, Rob, reaches

370,000 new homes each year.

And remember this is mandatory.

Last year, we were 230,000.

So not quite double, but a huge increase from what we have been doing and before it was

optional it'd be nice skies if you got there and now it's mandatory for councils I

don't know what that means Rob I don't know what that means Rob. I don't know what happens to

the naughty councils that don't deliver their targets, but it's a big old number that one.

It'll be the biggest, certainly I'm aware of, that we've ever done in a single year.

Certainly in our lifetimes, maybe after the Second World War, but that gives you an idea in the

21 years we've both been alive. We've never hit that number.

No, I don't know what this means either.

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