Rob & Rob take a deep dive into the surprising stability of the property market in 2024, countering earlier pessimistic views. They discuss how political events influenced investments, stressing the need for personal focus amidst the chaos. The duo reflects on their growth and aspirations for 2025, sharing insights on Fred Harrison's property cycle theory and the resilience of the market. Overall, it's a mix of personal anecdotes and valuable lessons that encourage optimism for the future.
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Quick takeaways
The property market in 2024 demonstrated unexpected resilience, encouraging investors to focus on steady growth rather than extreme fluctuations.
Global political events stirred anxiety among investors, highlighting the importance of maintaining long-term goals despite short-term market noise.
Deep dives
Resilience of the Property Market
The property market has shown unexpected resilience in 2024, contrary to earlier predictions of a downturn. Initially, there was significant negativity surrounding house prices and market sentiment, but this changed by March, indicating a stable year ahead. Overall, while the year did not witness a boom, it turned out to be steady and reliable for property investors, avoiding drastic fluctuations. Investors can find comfort in the normalcy of the market, which encourages a focus on steady growth rather than the extremes of boom and bust.
External Influences and Market Sentiment
Global political events and elections have caused anxiety among property investors, particularly regarding the impact of a Labour government on the rental market. However, historical trends suggest that major political shifts often do not significantly disrupt the property sector. While external events can be emotionally charged and create noise, they should not be seen as deterrents to investment strategies. Recognizing that these events can lead to recency bias encourages investors to maintain focus on their long-term goals rather than getting swept up in current events.
Optimism for the Future and Business Focus
Looking ahead to 2025, there is a strong sense of optimism regarding business prospects and team dynamics. The speakers reflect on past challenges that have led to valuable lessons and a more robust approach moving forward. Their confidence stems from the belief that success is ultimately controlled by their efforts and strategies, rather than external market conditions. This forward-looking mindset emphasizes resilience, determination, and a commitment to delivering quality service, setting a foundation for a productive year ahead.
This Boxing Day, Rob & Rob look back on the year that was 2024 - from the property market to world events and even a bit of personal reflection. They share the latest updates on their business and how they’re gearing up for an even bigger 2025.
(0:45) How did the property market shape up in 2024?
(2:50) Latest thoughts on the 18-year property cycle.
(3:30) What been the impact of the political events?
(4:55) Reflections on 2024 as a whole.
(7:20) Rob & Rob share their thoughts and ambitions for 2025.
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