The Property Podcast TPP612: December Market Update
7 snips
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!
AI Snips
Chapters
Books
Transcript
Episode notes
Robust House Price Growth
- UK house prices increased 3.7% year-over-year, exceeding expectations.
- This signifies underlying market strength despite economic concerns.
Unexpected Market Activity Surge
- UK property market activity surged in October 2024, reaching its highest point since November 2022.
- The reason behind this unexpected surge remains unclear.
Strong Investment Returns
- Property Hub Invest has seen its best returns in years, despite higher mortgage rates.
- Strong rental market growth contributes significantly to these impressive returns.
