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The Property Podcast
TPP613: Reviewing our 2024 predictions (how did we do?)
Dec 12, 2024
Rob and Rob review their bold predictions for the 2024 property market, uncovering whether they struck gold or missed the mark. They discuss the impact of new rental laws, challenges faced by potential renters, and the surprising resilience of average property prices. The conversation also dives into their miscalculations on rent increases and interest rates, alongside insights into FTSE 100 and Bitcoin futures. They explore how AI tools like Perplexity are shaping their future forecasts in this ever-evolving market.
22:50
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Quick takeaways
- The hosts successfully predicted a 4.2% increase in average property prices, outperforming their initial forecast range amidst market skepticism.
- Despite a poor performance in forecasting top-performing property areas, they recognized unexpected growth locations like Belfast, showcasing development disparities.
Deep dives
Reviewing Property Price Predictions
The podcast reflects on predictions made at the beginning of the year regarding UK property prices. Initially, an increase in average property prices by around 0.1% to 2.5% was forecasted, with a core belief that prices would rise by 4% or more. The analysis reveals an actual increase of 4.2%, indicating that the predictions were largely accurate despite initial skepticism about their bullish nature. The hosts acknowledge that while they had some correct insights, their predictions were made against a backdrop of broader market negativity, which emphasized their contrasting stance.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode