In this episode of the Scottish Property Podcast, we welcome back Davy Hutton, an experienced property developer and entrepreneur, to discuss the latest trends in the property market, political developments, and their implications for landlords, investors, and tenants. From Scotland’s rental market shifts to national economic policies, Davy provides a sharp, unfiltered perspective on the challenges and opportunities shaping the industry.

Episode Highlights:

Labour’s First Budget and Its Impact on Property:
- Discussion on how the budget is affecting small and medium-sized businesses, particularly through increased National Insurance contributions and rising wages.
- Why businesses need to adapt to survive in this shifting economic climate.
Property Market Trends in 2023:
- Surprising regional rent fluctuations: Glasgow shows rent corrections, while Aberdeen leads with a 4.4% increase in rental growth.
- How interest rate changes are affecting landlords and tenants differently depending on mortgage types.
The Reality of Rent Controls:
- Insights into Scotland’s proposed rent caps, allowing local councils to limit rent increases to CPI + 1% (capped at 6%).
- The potential impact on private landlords and the housing supply crisis.
Built-to-Rent Developments Stalling in Scotland:
- Analysis of why large-scale institutional investors are pulling out of Scotland due to rent control policies.
- What this means for the £2 billion in stalled housing projects and the wider economic impact.
Challenges Facing Landlords and Tenants:
- The widening gap between property values and earnings, making homeownership increasingly unattainable for many.
- The role of private landlords in providing housing for tenants who can’t access social housing.
Lessons from Real-Life Property Scenarios:
- David shares personal stories of buying, refurbishing, and renting out properties, highlighting the importance of honesty, reputation, and transparency in deals.
- The growing appeal of assisted sales strategies and their ethical implications.

Davy Hutton’s insights highlight the challenges and opportunities facing Scotland’s property market in the wake of political and economic shifts. From rent controls to stalled developments, it’s clear that adapting to these changes is crucial for landlords, investors, and developers.

--------------------------------------------------------- Prime Property Auction: www.instagram.com/primepropertyauctions/

John: www.instagram.com/john_property_auctioneer/

Luis: www.instagram.com/luis_property_auctioneer/ Visit Prime Property Auction website: https://primepropertyauctions.co.uk/

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Streaming: Agenda de series del 16 al 22 de septiembre