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The Property Podcast

TPP612: December Market Update

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.8 • 2K Ratings

🗓️ 5 December 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

December might be here, but the property market isn’t taking a Christmas break yet! In our final market update of the year, Rob & Rob reveal the latest big new stories – from a surprising rental boom flying under the radar to the unexpected house price growth over the past year. (1:11) Let’s start by looking at house prices.  (6:07) What’s the latest on mortgage rates?  (9:05) The shock data from the rental market.  (14:30) Has the leasehold reform timeline finally been revealed?  (15:33) Is Boxing Day really one of the busiest for house viewings?  (16:51) Hub Extra.    Links mentioned: House prices:  Nationwide house price index  Zoopla house price index  UK property market surges but warnings of Budget’s impact linger  UK property sector hit by fears of resurgent inflation    Mortgages:  Mortgage approvals hit two-year high in pre-Budget rush  Bank of England’s shock warning over long term housing costs  Rents:  Private rent and house prices, UK: November 2024  Chronic shortage of rental homes to worsen due to Labour squeeze on landlords  Net migration to the UK hit record 900,000 in 2023  Latest rent control grab by politicians slammed by industry  Leasehold:  Leasehold reform timeline unveiled  Hub Extra:  That Christmas  The Ministry of Ungentlemanly Warfare  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  Find out more about Property Hub Invest

Transcript

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0:00.0

Hey everyone, it's Rob B here with Rob D and you are listening to the Property Podcast.

0:06.8

It's a market update and you'd think the market would go to sleep in December, but far from it.

0:10.9

And what I love about this episode, it might actually be my favorite market update of the year,

0:14.9

is that our insights, us in the industry, doing this day and day out,

0:19.5

allows us to add more flavor to these new stories

0:22.3

and for me there's two big new stories in here one is about the returns that we've seen

0:27.4

over the last 12 months but then following on from that the rental boom that has kicked off again

0:32.7

and nobody is talking about it i love recording this episode and i'm sure you're going to love

0:37.0

listening to it too.

0:44.2

Welcome to the Property Podcast. If you don't know, we run a company called Property Hub Invest,

0:48.3

which buys more than ÂŁ100 million worth of property for our clients every year. You can find out

0:51.7

about that at property hub.net slash invest.

0:54.7

And in the course of doing that, like Rob said, we not only keep up with what's going

0:57.9

on the property market, but it gives us a front row seat, and we can get behind the headlines

1:01.6

and bring you information you won't find anywhere else. So all the big market moves from the last

1:05.4

month are coming up and stick around to the end because we've got some strong recommendations for you in Hub Extra as well.

1:11.8

Time now for our final market update of the year. Now, we've been keeping you updated with

1:16.6

every move in the property market throughout the year. And of course, we keep you updated on every

1:20.8

move within the property market week by week in our free newsletter Property Pulse. That comes out every

1:25.4

Friday. It's packed with loads of good stuff. If you don't receive that already, you can go sign up at Propertyhub.net slash Pulse.

1:31.1

But this is our final time in 2024 of rounding up the news monthly.

1:35.1

And Rob, we will start, as we always do, with house prices, everyone's favourite subject.

...

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