Love or hate him, Trump’s back – but how much will the political drama across the pond affect the UK property market? And with all the noise around the US election, let’s not overlook the recent rate cuts and what they could mean for mortgages and property prices! Tune in as Rob & Rob break it all down in this month’s market update.
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• (0:44) Let’s kick off this month’s market update.
• (4:00) Are house prices at an all-time high?
• (6:28) What’s happening with rents?
• (8:08) The latest on mortgages.
• (8:45) Quick update on leasehold reform.
• (10:15) News on council licence applications.
• (11:39) Hub Extra.
Links mentioned:
•
TPP475: The 18-year property cycle: When will the market crash? (https://open.spotify.com/episode/6Cw0uZ8kRKuZFxmMFthdKO)
•
TPP541: The silent property crash (https://open.spotify.com/episode/6XKwOMKQQtjses3cYAk5gZ)
•
Interest Rates Cut! Will Mortgages Get Cheaper? (https://studio.youtube.com/video/CkAwzEBJ-6Q/edit)
House prices:
•
Rightmove house price index (https://www.rightmove.co.uk/news/content/uploads/2024/10/Rightmove-HPI-21st-October-FINAL.pdf)
•
Nationwide house price index (https://www.nationwidehousepriceindex.co.uk/reports/annual-house-price-growth-slows-in-october)
•
Halifax house price index (https://www.halifax.co.uk/assets/pdf/october-2024-halifax-house-price-index.pdf)
Rents:
•
Rightmove rental tracker (https://hub.rightmove.co.uk/content/uploads/2024/10/Rental-Trends-Tracker-Q3-2024-FINAL.pdf)
Leasehold:
•
Leasehold reforms could take five years, Labour MP admits (https://www.telegraph.co.uk/money/property/leasehold-reform-five-years-labour-mp-admits/)
Council licences:
•
Landlord-bashing council slammed over its own property failings (https://www.landlordzone.co.uk/news/landlord-bashing-council-slammed-over-own-property-failings)
•
Over 2,000 licence applications were approved by Hackney Council after their property licensing schemes had ended (https://www.londonpropertylicensing.co.uk/over-2000-licence-applications-were-approved-by-hackney-council-after-their-property-licensing-schemes-had-ended/)
Hub Extra:
Polymarket (https://polymarket.com/)
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