TPP596: The silent property crash: one year later
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 15 August 2024
⏱️ 24 minutes
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| 0:00.0 | In the most popular episode we recorded last year we revealed to you the silent property crash. |
| 0:08.7 | The silent property crash impacts us all, Yet nobody talks about it. It's possibly the biggest |
| 0:16.4 | concept in property right now that is impacting everyone's wealth. But if you |
| 0:21.6 | don't understand what has happened, you cannot take action. |
| 0:25.0 | So in this week's episode, we update you on the silent property crash. |
| 0:30.0 | What has happened a year on and what should you be doing as the property podcast. Thank you for joining us. In case you don't know, we run a business that buys more than 100 million pounds of both of property per year. You can find out more about that at PropertyHarp. |
| 0:50.0 | But of course, in doing that, we need to know what's going on in the market and we spend a lot of time digging into the data and when we do so we often find that it runs counter to the narrative you normally here. |
| 1:00.0 | So stick around for this episode because it might just change your entire view on the property market. |
| 1:04.0 | Plenty to cover this week when we look at news stories. First up, let's just check in on house prices |
| 1:09.4 | because when we brought you the market update, Hallyfax, we're on their summer holidays, hadn't quite released their data, but we've got it now. |
| 1:16.5 | Rob, what's really interesting is it's been a strong month, but for me the most interesting |
| 1:21.6 | story here is actually how close over the last year it is to nationwide |
| 1:26.0 | stata and you might be listening going, well, of course it's going to be the same, it's house prices, |
| 1:30.2 | it should be similar, but we've talked in the past long time listeners will |
| 1:33.9 | notice that it's quite regional nationwide in Halifax Halifax |
| 1:37.4 | tends to cover a bit more of the north and nationwide a bit more of the south |
| 1:40.9 | generalization but that's the waiting. So in this current market you'd possibly expect to see |
| 1:46.4 | Halifax a little stronger than numbers. Certainly has been in the last month but the last 12 months quite similar. |
| 1:52.4 | Very similar 2.1 versus 2.2. month, but the last 12 months quite similar. |
| 1:53.0 | Very similar. |
| 1:54.0 | 2.1 versus 2.3. |
| 1:56.0 | Over recent months the Halifax Index has been lagging nationwide a little, but then this month it's |
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