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The Property Podcast

TPP600: September Market Update

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.8 • 2K Ratings

🗓️ 12 September 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

In this special market update celebrating an incredible 600 consecutive episodes, Rob & Rob look into the latest market news – unpacking everything from diverse house price trends to how potential changes in capital gains tax may be influencing landlords’ decisions. Plus, there’s some good news on the mortgage front and a surprise twist in this week’s Hub Extra! (0:48) What’s going on with house prices (6:28) Are landlords selling up? (10:20) There’s movement on the Renters’ Rights Bill (12:02) Some positive updates about mortgages (13:46) The latest from the world of politics (16:25) Hub Extra (with a twist!) Links mentioned: Halifax: UK house price growth approaches two-year high Nationwide house price index Concern over housing costs hits record high across rich nations Rise in ex-rental properties listed for sale before Budget Rental sales appraisals rise amid landlord CGT fears Renters’ Rights Bill set for Parliament this week Rental bidding wars set to be banned Lloyds Bank raises borrowing limit for first-time buyers Coventry lowers BTL rates James Cleverly: I would abolish stamp duty Our Greatest Fear —Marianne Williamson Enjoy the show? Leave us a review on Apple Podcasts - it really helps others find us! Sign up for our free weekly newsletter, Property Pulse Find out more about Property Hub Invest

Transcript

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0:00.0

Hey everyone. It's Rob B here with Rob D and it's episode 600.

0:06.1

Woo you are listening to the Property Podcast. We've gone 600 episodes in a row.

0:10.8

Never miss the week and no we're not stopping. This show rolls on, we bring you market update,

0:16.6

amazing news with mortgages, can't wait to tell you about that, and we do something a bit different with

0:21.5

Hub Extra. Welcome to the Property Podcast.

0:27.0

Thank you for joining us.

0:31.0

In case you don't know, we buy more than a hundred million pounds worth of property.

0:33.4

for our clients every year. You can find out more about that at Property Hub.net slash Invest.

0:38.1

And we, of course, keep a very close eye on the market in doing so. And this is to show where we round up all

0:43.7

the big market news and bring you completely up to date all in about 20 minutes or

0:48.2

so. Okay let's get into our market update absolutely tons happening at the

0:52.3

moment will bring you up to date on all of it.

0:54.3

As it's traditional Rob we'll start with house prices. Once again we've got some divergence between our two

1:00.2

major indices nationwide and Halifax. Nationwide saying prices went down

1:04.4

very slightly last month. Halifax saying prices went up slightly last month, but

1:08.1

on an annual level are both of them showing reasonably strong growth?

1:11.3

Yeah and for the record nationwide was down by 0.2% last month and

1:17.2

Halifax was up by 0.3% last month but what's really interesting with the fall at nationwide that still with that it's the fastest annual growth

1:27.7

So from this time last year to today since December 2022.

1:32.8

Now that's not that long ago.

1:34.6

But the point is this was meant to be a bad year as we keep reminding you and it doesn't

1:39.2

appear to be playing out that way.

...

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