The Property Podcast
TPP609: November Market Update
Nov 14, 2024
Donald Trump's political comeback stirs questions about its impact on the UK property market. Recent interest rate cuts could influence mortgage rates and house prices positively. Current trends reveal a gap between asking and sold prices, with a slight increase in rents. Potential delays in leasehold reform leave many uneasy, while a council's management raises eyebrows over inconsistent property handling. Finally, the discussion wraps with a look at prediction markets, providing insights into future property developments.
14:13
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The outcome of the US election is believed to potentially influence UK property prices indirectly through the global economic climate.
- The UK rental market shows signs of stabilization with a recent slowdown in growth rates, indicating a shift towards more balanced conditions.
Deep dives
Impact of the US Election on Property Investment
The recent US election is perceived to have significant implications for global markets, particularly for UK property investors. Donald Trump's victory is viewed as potentially advantageous for financial markets and asset prices, which are expected to ripple through to the UK economy. Although the connection to UK property prices may seem tenuous, there is a belief that a favorable economic climate in the US could indirectly buoy house prices in the UK over the medium to long term. However, the discussion suggests that the election's direct effect on UK property is limited compared to other factors like interest rates.
