Toni and Emerald join the podcast to talk about Michael Goves’s housing crisis speech, the pressure on housing prices in the South of England and whether buy to let is now dead.
KEY TAKEAWAYS
- House prices dropping can present some unique opportunities for investors so don't be frightened by headlines.
- Average house prices are now falling on a yearly basis in most places in the UK -vs- the last two or three years. However in Yorkshire, Midlands and Northern Ireland they have actually increased.
- Sales are half of what they were this time last year but last year we were still in a bubble, Toni believes the market is simply correcting itself.
- The government needs to support landlords, they play a critical role in plugging the housing shortage gap but instead, they keep bringing in more regs and rules to punish them.
- The government need to take some ownership of the current situation.
BEST MOMENTS
“It’s the largest year-on-year decrease since 2011”
“We like that Forbes tells you one thing on one page and something totally different on the next”
“What goes up must come down”
“The asking price is irrelevant as it’s usually been created by over-enthusiastic estate agents”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
