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

It's the July Market Update. We've got loads of information to bring you.

I was stunned by some data out of London. I mean like really stunned and you will be surprised as well.

And I'm going to be telling some of you off about EPCs and you will need to listen to that.

Welcome to the Property Podcast. Thank you for joining us. In case you don't know, we own a business that buys more than £100 million worth of property every year for our clients.

You can find out about that at Propertyhub.net slash invest. And this is the episode where we

bring you up to date. If you have paid no

attention to what's going on in the property market this month, do not worry, because in 15

minutes or so, we're going to give you everything you need to know. So let's kick off this

month's market updates. And let's start where we often do with house prices, because everybody

wants to know what's happening with house prices, up, down in between. Rob, seems a bit of a mixed bag this month. Let's start with right move. And there's been a bit of unusual movement with asking prices in the last month. There has. They're down. Only slightly down. They're down 0.3%. But that is unusual because you don't normally get prices dipping in June. And they put this down to basically the amount of stock. It is very much a buyer's market at the moment. Buyers have got more choice than ever. Because if you remember, there are a few years when basically everyone was trying to do nothing and just sitting on their hands and waiting to see how things are going to play out. Now, people who want to move, people who want to sell are confident enough to do that, which means the market has become flooded with stock, buyers have got loads of options, and that means that sellers can't get overly optimistic with their pricing. And that's why, in the opinion of right move, we've seen this very, very small dip. The real story for me here, though, is, as ever, the North-South divide, because divide because of course that is an average across the country

and as they say when you look at the data what you're really looking at is drops in the south

and increases in the north listeners of this podcast are probably bored of hearing this pattern by now

because we've been talking about it for so long and it comes up all the time but i think it is

massively consequential as an investor because the

difference in likely returns based on where you invest is so stark. And I think this is still underappreciated

by people at large, like people who have just got a general, casual interest in property. I think

it's only listeners of this show who are plugged into just what a massive trend and theme this is at the

moment.

You're right, Rob, but that's why this next new story is a bit of a shock to me, this one,

and it's proper data. So the data that we have here is from the land registry and the ONS.

And this data reveals that house prices in London jumped by an unexpected 3.3% in the year up to April. Now, that alone isn't

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