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Making Money

How to handle property in this new world of interest rates | Rob Dix

Oct 30, 2023
Rob Dix, property investor and host of The Property Podcast, discusses the impact of changes in interest rates on the property market, advantages and disadvantages of renting versus buying a home, diversifying investments with property and cryptocurrency, the possibility of a property market crash, challenges for new investors, and the importance of having a personal assistant in property investment.
01:02:36

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The increase in interest rates has raised concerns about a potential crash in property values, but some experts believe that it could be a good time to invest in property if approached professionally.
  • The decision to rent or buy a home depends on individual circumstances and goals, with renting offering more freedom and owning a home providing security and potential benefits like tax advantages and access to future mortgages.

Deep dives

Impact of Bank of England base rate on property market and mortgage holders

The Bank of England base rate has increased significantly over the past two years, from 0.1% to 5.25%, causing a notable impact on the property market and mortgage holders. This increase in interest rates has led to concerns of a potential crash in property values. However, some experts argue that this could be a good time to invest in property, provided it is approached professionally. Property investment is not a get-rich-quick scheme and requires careful consideration.

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