TPP593: Mid-year check-in: What’s next for the property market?
Jul 25, 2024
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The hosts reflect on mid-year property market predictions, noting an unexpected 3.5% increase in house prices. They discuss top performing areas, London's performance, and overall interest rates. The episode also touches on the new Renters' Rights Bill and a phone addiction app called ScreenZen.
23:43
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Quick takeaways
Regional variations in property market performance highlight potential investment opportunities.
Market sentiment may lag behind actual positive data trends in the property market, indicating future growth potential.
Deep dives
Reflections on the Property Market and Future Predictions
The podcast episode provides a midpoint review of the property market, focusing on past reflections and future predictions. The hosts analyze the change in legislation, particularly the renter's reform bill, now known as the renter's rights bill. Emphasis is placed on the careful observation of market trends, revisiting earlier forecasts made at the beginning of the year to assess their accuracy and exploring significant developments like property price increases and regional market variations.
Regional Property Market Performance
The discussion delves into the contrasting performance of various regions in the property market. While London and the South East exhibit negative growth, areas like Belfast, Manchester, and other northern regions demonstrate significant property price increases. The hosts highlight the regional disparities and the potential implications on overall market trends, bringing attention to the impact on market dynamics and future performance.
Sentiment versus Data in the Property Market and Conclusion
The episode addresses the discrepancy between market sentiment and actual data trends in the property market. While sentiment remains neutral, the data indicates positive growth across various assets, including property. The hosts foresee a potential shift in sentiment following market performance, with a suggestion that sentiment may catch up with the positive data trends. The episode concludes with a reflection on the importance of staying informed, being ahead of market shifts, and utilizing resources like the Property Podcast to navigate market changes effectively.
We’re halfway through the year, making it the perfect time to check in on the property market! Tune in as Rob & Rob look back at their January predictions to see how they’ve panned out so far and discuss what might be on the horizon. Will the forecast be positive or as dreary as the weather - let’s find out!