The Property Podcast TPP604: October Market Update
Oct 10, 2024
The Renters' Rights Bill is shaking up the property market. House prices are bouncing back, with Belfast showing remarkable gains. The new EPC regulations are pushing landlords to upgrade their properties by 2030. Tracker mortgages are on the rise as interest rates climb, changing the landscape for borrowers. Plus, find out why avocado bathrooms are making a comeback among young homeowners, alongside some must-see TV recommendations.
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House Price Momentum Shift
- House prices are experiencing a shift in momentum, with data suggesting a potential market rebound.
- Regional variations exist, with Belfast leading the UK and Manchester leading in England.
Renters' Rights Bill Progress
- The UK's Renters' Rights Bill is progressing through Parliament, aiming to reform the rental market.
- Notably, rent controls are not included in the bill, contrasting with Argentina's recent experience.
EPC Improvement Advice
- Consider future EPC improvements due to the proposed 2030 deadline for rental properties.
- Don't panic, but start planning for potential upgrades, especially during tenancy changes.