The Progressive Property Podcast Toni End AUG news - House Prices Fall , Auction Rates Rise, Student Lets Are Demanding And Could Your Tenant be You Ticket to an EPC Solution?
Toni talks about what is happening in the property market right now including housing prices becoming more affordable, the student market as well as an update on EPCs and why knowing what is happening in your community is essential.
KEY TAKEAWAYS
- What has happened in the past year has skewed the property market, things may seem more affordable now but only because they have been so inflated.
- A drop in the housing stock in the market doesn’t mean there won’t be property available for you to take on, many landlords are exiting properties for a variety of reasons, and there are many opportunities to be taken.
- The average salary of 33k in the UK means single people are being priced out of buying a house, which presents opportunities for the rental market.
- Student lets is a part of the property sector that is growing dramatically and it isn’t too late to get started, it’s projected to keep growing at a high rate.
- You need to get your communities on side as a property developer, this will only help you with the planning stages.
BEST MOMENTS
“This is a huge opportunity for you to be doing some more direct-to-vendor marketing, identifying the potential challenges and highlight the win-win situations”
“If properties are more affordable than they were a year ago the educated people are the ones winning in this instance”
“Student lets, definitely something to keep your eye on”
“It’s really important that you know what’s happening in your communities”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.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.
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