The Scottish Property Podcast

In this Market Update episode, we're joined by Mark Shanta, a seasoned estate agent and letting agent, to explore the latest trends in the Scottish property market. We discuss the key developments from August, including changes in mortgage rates, fluctuations in house prices, and the latest shifts in the rental market. Whether you’re an investor, a first-time buyer, or simply interested in the property landscape, this episode offers valuable insights into what’s happening across Scotland. Episode Highlights: Mortgage Rates: The Bank of England has reduced interest rates slightly, leading to a decrease in mortgage rates, which is positive news for the property market. First-time buyers are showing increased confidence, with many properties selling above home report values and frequently going to closing dates. House Prices: The average property price in Scotland has risen by 4.3% over the past year, reaching £192,000. Both hosts predicted a 5% increase in house prices at the start of the year, and the market appears to be on track to meet that prediction. Rental Market Trends: Rental prices in Glasgow have seen a decline after sharp increases last year, with some areas experiencing rent reductions. The decline is attributed to the unsustainable rent increases seen in the previous year, leading to a market correction. Political and Economic Impacts: The episode discusses the potential implications of Labour’s proposed tax policies, including an increase in capital gains tax, which could affect property investors. The impact of Scotland’s rent control policies is also explored, with a significant rise in rent adjudication requests following the end of the rent cap. Census Data Insights: A nearly 30% increase in the number of Scottish homeowners who have paid off their mortgages over the past decade reflects an aging population. The number of households renting privately has risen by 9.5% since 2011, while social renting has slightly decreased. Student Accommodation: There has been a 68% increase in the number of people living in student accommodation, driven by the growing demand from international students. Challenges in Property Investment: The process of obtaining buy-to-let mortgages through limited companies remains challenging, with extensive paperwork and delays. Potential changes in capital gains tax could impact the decisions of property investors and slow down the market. Tune in to this insightful episode as Mark Shanta and the hosts delve into the latest market updates, offering expert analysis and practical advice for navigating the current property landscape in Scotland. ---------------------------------- Follow Prime Property Auction on Instagram: Prime Property Auction: https://www.instagram.com/primepropertyauctions/ John: https://www.instagram.com/john_property_auctioneer/ Luis: https://www.instagram.com/luis_property_auctioneer/ Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ ------------------------------------ Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise. 🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify. Connect with us on social media:🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📩  Email us: Steven@steven-clark.com Nick@arcproperty.uk

In this episode of the podcast, we are joined by Willie Rennie, MSP for North East Fife, to discuss the ongoing housing crisis in Scotland. With a severe shortage of affordable homes, especially in areas like St. Andrews, many people are struggling to find suitable accommodation. The conversation covers the key challenges contributing to the crisis, including planning issues, the impact of short-term lets, and the difficulties faced by those with disabilities in securing adequate housing. Willie Rennie shares his insights on what can be done to address these issues, offering practical solutions and highlighting the need for both government and private sector involvement in building more homes. Housing Crisis in Scotland: A severe shortage of affordable housing is affecting many parts of Scotland, particularly in high-demand areas like St. Andrews. The increased demand for both rental properties and homes for purchase has left many people, including those on housing lists, struggling to find suitable accommodation. Challenges in the Housing Market: Factors such as inadequate planning, economic recessions, and the complexities of building homes to modern standards are contributing to the crisis. The conversation highlights the particular difficulties faced by people with disabilities in obtaining suitable housing. Impact of Short-Term Lets and Second Homes: Short-term lets and second homes are exacerbating the housing crisis in local communities, making it harder for residents to find affordable housing. Willy Rennie supports control areas to cap the number of short-term lets but criticizes the Scottish Government's licensing system as overly burdensome. Proposed Solutions: Rennie suggests a rural housing bond to encourage landowners to develop properties for local people rather than for short-term lets or second homes. The discussion also covers the need for a more efficient planning system, with Rennie advocating for speeding up the planning process to increase the supply of housing. Government Policy and the Housing Market: The hosts express frustration with the Scottish Government's approach, particularly the rent cap legislation, which they argue has discouraged investment and led to higher rents. Rennie and the hosts agree on the importance of partnership between the government and private landlords and investors to tackle the housing crisis. Call to Action: Building more homes is essential to addressing the housing crisis, but this requires a collaborative effort between the government and the private sector, as well as a more streamlined and responsive planning system. Tune in to this insightful episode as we explore the pressing issues behind Scotland's housing crisis and discuss potential solutions with Willy Rennie, MSP. ---------------------------------- Follow Prime Property Auction on Instagram: Prime Property Auction: https://www.instagram.com/primepropertyauctions/ John: https://www.instagram.com/john_property_auctioneer/ Luis: https://www.instagram.com/luis_property_auctioneer/ Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ ------------------------------------ Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise. 🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify. Connect with us on social media:🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📩  Email us: Steven@steven-clark.com Nick@arcproperty.uk

In this episode of the Scottish Property Podcast, we sit down with Michelle Wales, a dynamic entrepreneur in the Scottish property scene. Michelle shares her journey from starting as a property investor. The discussion delves into the evolution of their property portfolio, the importance of staging in real estate, and the challenges of balancing business growth with personal life. Whether you're a seasoned property investor or just starting, this episode offers valuable insights into the diverse opportunities within the property industry. Episode Highlights: Introduction and Background: Michelle and her husband, Gary, started their property journey in 2019 after formal training. Initially focused on owning a few buy-to-let (BTL) properties, they expanded their portfolio and ventured into short-term rentals (Airbnb). Property Investment and Business Evolution: The couple's property journey took unexpected turns, leading Gary to become an estate agent and Michelle to launch a property staging business. They temporarily paused expanding their property portfolio to concentrate on growing their respective businesses. Property Staging: Michelle's interest in staging developed as they began furnishing their own rental properties, realising the aesthetic and financial benefits of staging. Property staging has become a valuable service in enhancing the appeal and market value of properties. Business Insights: The episode emphasizes the importance of a business mindset in the property industry, whether in investment or related ventures like staging. Trends in interior design and staging are discussed, highlighting their impact on helping potential buyers or renters visualise property potential. Challenges and Future Plans: Michelle shares the challenges of balancing business growth with personal life and the ongoing learning process in both property and staging. The couple plans to continue expanding their property portfolio and staging business, with a focus on continuous learning and evolution. Tune in to gain a deeper understanding of the property industry's multifaceted nature and the unexpected opportunities it can offer. ---------------------------------- Follow Prime Property Auction on Instagram: Prime Property Auction: https://www.instagram.com/primepropertyauctions/ John: https://www.instagram.com/john_property_auctioneer/ Luis: https://www.instagram.com/luis_property_auctioneer/ Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ ------------------------------------ Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise. 🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify. Connect with us on social media:🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📩  Email us: Steven@steven-clark.com Nick@arcproperty.uk #scottishpropertypodcast #propertyinvestment #realestate #investmentstrategies #scottishproeprty #propertystaging

In this episode, we sit down with Tomas Robertson, a seasoned property investor who started his journey at the age of 25. Over nearly a decade, Tomas successfully flipped properties, strategically adding value and selling to avoid capital gains tax. When the short-term rental market caught his attention, Tomas ventured into Airbnb, where he achieved remarkable success—exceeding income estimates and thriving even during the pandemic. Key Takeaways: Starting in Property: Tomas began investing in property at 25, using a strategy that allowed him to grow his earnings by flipping properties every two years. Airbnb Success: Tomas transitioned into the short-term rental market, where he managed to exceed income expectations through hands-on management. Scaling the Business: With four properties under his belt, Tomas was able to semi-retire and enjoy the fruits of his labor. Personal and Business Growth: Life changes led Tomas to rethink his business strategy, balancing personal fulfillment with financial goals. New Ventures: In response to upcoming regulations, Tomas has diversified his portfolio by launching a luxury glamping site, aiming to provide a unique and high-end experience in Portpatrick. Navigating Regulations: The episode also discusses the impact of new short-term rental licensing regulations in Glasgow and how Tomas is adapting to these changes. ---------------------------------- Follow Prime Property Auction on Instagram: Prime Property Auction: https://www.instagram.com/primepropertyauctions/ John: https://www.instagram.com/john_property_auctioneer/ Luis: https://www.instagram.com/luis_property_auctioneer/ Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ ------------------------------------ Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise. 🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify. Connect with us on social media:🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📩  Email us: Steven@steven-clark.com Nick@arcproperty.uk #scottishpropertypodcast #propertyinvestment #realestate #investmentstrategies #glamping #airbnb

In this episode, we sit down with Stephen Gallagher to explore his impressive journey in property investment and the formation of SAS Scotland. Key Discussion Points: SAS Scotland: Stephen and Derek's hands-on network for property investors. Practical learning through live projects. Stephen’s Background: From aerospace engineering to oil and gas, then banking and finance. Transition to property investment starting with residential and moving to commercial properties. Property Investment Strategy: Using SAS pensions for tax-efficient investments. Importance of market understanding, due diligence, and trusted partners. Case Study - Hamilton Property: Purchase and refurbishment of an office building. Investment of £70,000 leading to a market rent of £122,000 and offers of £1 million. Commercial Lending: Providing loans with first-charge security. Emphasis on thorough due diligence. Challenges and Opportunities: Rising costs in the property market. Opportunities in secondary market towns. Future Plans: Scaling up investments with private equity. Potential expansion into the hotel sector. Brokerage Business: Futurity offers real estate, asset finance, and business loans. Advice for Aspiring Investors: Conduct thorough research. Network with experienced investors. Be bold in pursuing opportunities. ---------------------------------- Follow Prime Property Auction on Instagram: Prime Property Auction: https://www.instagram.com/primepropertyauctions/ John: https://www.instagram.com/john_property_auctioneer/ Luis: https://www.instagram.com/luis_property_auctioneer/ Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ ------------------------------------ Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise. 🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify. Connect with us on social media:🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📩  Email us: Steven@steven-clark.com Nick@arcproperty.uk #scottishpropertypodcast #propertyinvestment #sas #realestate #investmentstrategies #commercialproperty #duediligence

In this episode, hosts Steven Clark and Nick Ponty are joined by Davy Hutton to discuss the latest market updates for August 2024. They cover a range of topics affecting the Scottish property market, including inflation, economic outlook, property market dynamics, planning system inefficiencies, and the impact of government policies. UK Inflation and Taylor Swift Effect: UK inflation stayed at 2% in June, partly attributed to Taylor Swift's tour increasing demand and prices in local services, particularly hotels. The Bank of England's base rate is 5.25%. Despite expectations for a cut, the "Taylor Swift effect" and other factors create uncertainty. Economic Outlook and Government Stability: Discussion on the fragility of the economy and potential for a positive shift post-election with Keir Starmer's leadership. Reflection on the previous government's impact and optimism with the new administration. Property Market Dynamics: Landlords are selling properties, affecting the rental market as they are not being bought by other landlords. House prices and rents are rising due to inflation and market demand, with regional variations noted. Areas like the West End of Glasgow are performing well due to lower mortgage levels and high cash transactions. Planning System and Government Intervention: Inefficiencies in the planning system and the need for reform are discussed. Importance of competent and trustworthy government intervention is emphasized. Buy-to-Let Mortgages and Investment Strategies: The number of new buy-to-let mortgages has halved, with fewer landlords entering the market. Larger companies and cash buyers remain active, impacting the market differently. Debate on the benefits of investment properties and effective debt management. Affordability and Rental Market: Home affordability in Scotland has decreased, with the average home now costing 5.2 times the typical salary, up from 3.8 times in 2003. Despite rising rents, affordability remains a challenge. The balance between protecting tenants and not over-regulating landlords is discussed. Airbnb and Short-Term Rentals: Potential impact of banning Airbnb in Edinburgh is debated, considering the balance between tourism benefits and housing availability for residents. The impact of the internet on the reach and influence of short-term rentals on local communities is discussed. ---------------------------------- Follow Prime Property Auction on Instagram: Prime Property Auction: https://www.instagram.com/primepropertyauctions/ John: https://www.instagram.com/john_property_auctioneer/ Luis: https://www.instagram.com/luis_property_auctioneer/ Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ ------------------------------------ Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise. 🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify. Connect with us on social media:🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📩  Email us: Steven@steven-clark.com Nick@arcproperty.uk

In this episode, we are joined by Natalia Maria as she shares her extensive experience in property investment, bookkeeping, and the balancing act of managing a full-time career alongside being a mother of two. Introduction and Background: Natalia shares her unique background, growing up in Aberdeen with Polish and English parents. She studied accountancy and finance in Edinburgh and became a chartered accountant. Early Property Investment: Natalia's property journey began with purchasing a flat in Edinburgh before the financial crisis. Despite challenges with tenants and market fluctuations, she persevered and leveraged her properties for further investments. Property and Financial Strategy: Emphasis on the importance of refinancing and using equity to grow her property portfolio. Benefits and challenges of service accommodation (Airbnb) versus long-term rentals, particularly in the saturated Aberdeen market. Bookkeeping Business: Natalia runs a successful bookkeeping business, serving clients in construction, property management, and other small businesses. Importance of good bookkeeping practices and utilizing technology like Xero and Hubdoc to streamline processes. Balancing Multiple Roles: Insights on managing her career, businesses, and family life with a supportive partner and good time management. Future Plans and Vision: Plans to expand her service accommodation business to cities like Dubai, London, and Barcelona. Moving to Slovenia with her family while continuing to manage her businesses remotely. Advice for Entrepreneurs: Significance of financial education, planning, and flexibility. Encourages leveraging support networks and technology to manage multiple responsibilities effectively. Tune in to hear Natalia's inspiring journey and valuable advice for balancing business, family, and property investment. Don't miss her insights on financial strategy and the future of her expanding ventures! Follow Natalia on Instagram: https://www.instagram.com/natalia.maria.s/ Beyond Bookkeeping: https://www.instagram.com/beyondbookkeepinguk/ ---------------------------------- Follow Prime Property Auction on Instagram: Prime Property Auction: https://www.instagram.com/primepropertyauctions/ John: https://www.instagram.com/john_property_auctioneer/ Luis: https://www.instagram.com/luis_property_auctioneer/ Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ Follow us on all of our social media accounts. **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise. 🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠⁠⁠⁠ ⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify. Connect with us on social media:🔗 ⁠⁠⁠⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠⁠⁠⁠ 🔗 ⁠⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠⁠⁠⁠ 📩  Email us: Steven@steven-clark.com Nick@arcproperty.uk

Join us in this engaging episode with Scott Dunsmore as he shares his invaluable experiences and lessons learned in the property investment world. Whether you're a seasoned investor or just starting, there's something for everyone in this episode. First Property Investments: Initial Investments: Scott discusses his first buy-to-let properties, the challenges with troublesome tenants, and low-value properties. Learning Curve: He explains how he learned from these experiences and adjusted his investment strategies over time. Commercial Property and New Builds: Transition to Commercial: Scott details his shift into commercial property investment. New Build Project: He talks about the challenges and successes of a new build project, particularly during the COVID-19 pandemic. Business Challenges and Shifts: Family Business: Scott shares the struggles with his dad's door company, including losing a major contract. Capital Reallocation: He discusses winding down the business and using the capital to fund his property investments. Current Portfolio and Strategies: Current Holdings: A mix of residential and commercial properties. Recent Acquisitions: Scott highlights recent property acquisitions and his focus on sourcing and scaling his business. Personal Growth and Future Plans: Personal Development: Scott reflects on his personal growth through his property journey. Importance of Education: He emphasizes the value of continuous learning and networking. Future Plans: Exploring commercial property courses and further scaling his property business. Challenges and Reality of Property Investment: Realities of Investment: The discussion covers the hard work and challenges inherent in property investment. Resilience: Scott stresses the importance of resilience and adaptability in overcoming setbacks. Follow Scott Dunsmore on Instagram: https://www.instagram.com/scottdunsmoreproperty__ ------------------------------------------------------------ Prime Property Auction: www.instagram.com/primepropertyauctions John: www.instagram.com/john_property_auctioneer Luis: www.instagram.com/luis_property_auctioneer Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ 🔗⁠⁠⁠⁠⁠⁠⁠ Subscribe and watch episodes on our YouTube channel⁠⁠⁠⁠⁠⁠⁠ **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise. 🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠⁠⁠ ⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify. Connect with us on social media:🔗 ⁠⁠⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠⁠⁠ 🔗 ⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠⁠⁠ 📩  Email us: Steven@steven-clark.com Nick@arcproperty.uk

In this episode, we welcome David Liddell, a young and energetic property investor, to discuss his journey, strategies, and recent projects. David shares his transition from an engineering career to property investment, highlighting key lessons, successful projects, and his plans for the future. David's Background: Grew up in Dunfermline, now based in Glasgow Former hydraulic design engineer in the oil and gas industry Shifted to property investment during the COVID-19 pandemic First Property Investment: Location: Peterhead Type: Buy-to-let Outcome: Sold at a profit, igniting interest in property investment Transition to Full-Time Property Investment: Began focusing on property during the pandemic while working part-time in engineering Educated himself about property investment Left engineering job in April 2022 to pursue property full-time Property Strategies and Projects: Involved in flips, assisted sales, deal sourcing, and service accommodation (SA) Advocates for focusing on one strategy at a time Manages properties with his partner, Samantha, including setting up service accommodations Notable Projects: Service Accommodation in Coatbridge: Converted his home into a service accommodation Self-managed, resulting in cost savings and increased profitability Thurso Property (Marine Inn): Overlooks Thurso Beach Purchased for £385,000 (home report value: £425,000) Plan: Convert into a high-quality apart-hotel with six self-contained units Financing: Bridging finance and investor funds Project in County Durham: Large property bought at a discount (valued at £600,000, secured for £475,000) Plan: Refurbish and set up for group stays Financing and Investors: Raised approximately £700,000 in investor funds for various projects Stresses the importance of building a personal brand and maintaining a social media presence Most investors are connections from networking and business groups Conclusion: David is dedicated to growing his property business and emphasizes delayed gratification and discipline. Future plans include expanding his property portfolio and continually improving business strategies. Listen to the full episode to hear David's insights and advice for aspiring property investors! Follow David on Instagram! ------------------------------------------------------------ Prime Property Auction: www.instagram.com/primepropertyauctions John: www.instagram.com/john_property_auctioneer Luis: www.instagram.com/luis_property_auctioneer Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ 🔗⁠⁠⁠⁠⁠⁠ Subscribe and watch episodes on our YouTube channel⁠⁠⁠⁠⁠⁠ **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise. 🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠⁠ ⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify. Connect with us on social media:🔗 ⁠⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠⁠ 🔗 ⁠⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠⁠ 📩  Email us: Steven@steven-clark.com Nick@arcproperty.uk

In this episode, Nick, together with Mark Shanta, dives into the Scottish property market, covering monthly updates, government policies, and their impacts on landlords and investors. Episode Highlights Impact of UK Election on Scottish Housing Discussion of the upcoming UK election on July 4. Explanation that housing policies are devolved to the Scottish government, with elections set for 2026. Predictions on a potential shift in Scottish politics if Labour wins the UK elections. Scottish Government Policies Critique of SNP's handling of rent controls and emergency legislation. Speculation on Labour's potential governance in Scotland post-2026 elections. Section 24 and Landlord Challenges Discussion on Section 24, preventing landlords from claiming mortgage interest as a tax deduction. Impact of Section 24 on small landlords and the rental market. Comparison of SNP's policies and UK-wide policies affecting landlords. Housing Market Dynamics Discussion on housing supply and demand issues leading to increased prices. Institutional investors like Blackstone buying properties due to high demand. Call for more housing stock and government incentives for building. Government Blunders and Temporary Housing Discussion on Glasgow's expenditure on temporary accommodation due to housing shortages. Inefficiencies and the need for better allocation of resources to build affordable housing. House Price Statistics and Market Trends Latest land registry stats show a 4.5% annual price increase in Scotland. Local market trends and predictions on house price stability. Impact of supply and demand on house prices. Rental Market Insights Report on the slowing pace of rent increases. Observations on current rental market trends and tenant demand. Discussion on rental market dynamics and pricing strategies. Challenges and Experiences in Property Sales Personal experiences of the hosts in property sales. Instances of price negotiations and challenges faced with solicitors and buyers. Future Outlook and Planning Policies Need for better planning policies to incentivize building and regeneration. Discussion on the potential impact of future elections on housing policies. Follow Mark Shanta on Instagram: www.instagram.com/mshanta5 ------------------------------------------------------------------------------------------------ Prime Property Auction: www.instagram.com/primepropertyauctions John: www.instagram.com/john_property_auctioneer Luis: www.instagram.com/luis_property_auctioneer Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ 🔗⁠⁠⁠⁠⁠ Subscribe and watch episodes on our YouTube channel⁠⁠⁠⁠⁠ **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise. 🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠ ⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify. Connect with us on social media:🔗 ⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠ 🔗 ⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠ 📩  Email us: Steven@steven-clark.com Nick@arcproperty.uk