AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Property Podcast
TPP612: December Market Update
Dec 5, 2024
December proves to be an exciting time for the property market, with house prices rising and a surprising rental boom on the horizon. Discussions reveal a two-year high in mortgage approvals and the implications of net migration on rental shortages. Leasehold reform timelines are finally on the table, adding another layer of intrigue. Plus, Boxing Day viewing trends are explored, hinting at a bustling post-Christmas market. To cap it off, festive movie recommendations bring a bit of holiday cheer!
21:34
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- House prices have shown resilience with a 3.7% year-on-year increase, indicating a robust property market despite economic challenges.
- The rental market is experiencing an 8.7% annual increase in prices due to a shortage of supply exacerbated by high net migration.
Deep dives
Strong Year-End House Price Growth
House prices have shown resilience by increasing by 1.2% in November and 3.7% year-on-year, indicating a solid performance in the housing market despite various challenges like higher mortgage rates and inflation. Market insiders emphasize that while these growth rates may not seem extraordinary compared to historical highs, consistent annual growth around 4% is desirable and reflects underlying strength in the property market. The increase in transactions also signals a functional market, with October 2023 registering the highest activity since November 2022. This positive trend in house prices and market activity is particularly notable in a year that has felt less favorable, suggesting potential stability going into the new year.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode