The Property Podcast
TPP596: The silent property crash: one year later
Aug 15, 2024
Explore the intriguing concept of the silent property crash and its far-reaching effects on investors. Get an insightful update on house price trends, including a drop in real-term values after the COVID bubble. Understand how inflation can surprisingly benefit property investors and reveal undervalued opportunities. The hosts weave in tales of a potential market stabilization while also sharing their excitement for paddle, a fun new sport that combines badminton and tennis, adding a lively touch to the conversation!
23:42
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Quick takeaways
- The silent property crash highlights a significant 15.6% real decline in property values, challenging perceptions of market resilience.
- Investors are urged to leverage mortgages wisely, maximizing returns during stagnant market conditions while remaining strategic amidst tax speculation.
Deep dives
Understanding the Silent Property Crash
The silent property crash refers to a subtle decline in property values that has largely gone unnoticed, despite common perceptions that the market is thriving. After an intense period of price increases, particularly during the COVID-19 pandemic, property prices peaked in the summer of 2022 but have since seen a nominal decrease of only 3%. However, when adjusted for inflation, the true decline in real terms is approximately 15.6%, indicating a significant reduction in the value of properties compared to two years ago. This data challenges the notion that the property market remains resilient and instead highlights the importance of understanding both nominal and real price movements.
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