Mark Homer talk about what’s happening in the news right now in regards to residential property investment and gives an update on what we are seeing in the marketplace too.

KEY TAKEAWAYS 
House prices have dropped 3-4% across the country.
We aren’t seeing a big increase in repossessions as some might have expected.
There are 110k people coming off fixed-rate mortgages a month right now
Lenders have had pressure put on them by the government to switch people to interest-only mortgages to help with affordability.
There are a lot of new permitted development rights going through consultation right now which could be transformative for anyone looking to convert buildings into residential use.
Betting offices, and payday loans will be within the permitted benefit scheme under new changes for redevelopment.
There is a collaboration between the government and a property steering committee to get property digitalised, creating less friction, speed and transforming the industry.

BEST MOMENTS  

“You can imagine these interest rate rises are going to bite and decrease their spending elsewhere”

“This is quite different to what we saw in the late 80s and because of that repossessions are still very, very low”

“House prices have probably dropped 10-15% in many areas”

“

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

TikTok: https://www.tiktok.com/@progressiveproperty

YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g

Twitter: https://twitter.com/progperty

LinkedIn: https://www.linkedin.com/company/progressiveproperty

Instagram: https://www.instagram.com/progressiveproperty/

Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity

Facebook Page: https://www.facebook.com/Progperty

Mark Homer talk about what’s happening in the news right now in regards to residential property investment and gives an update on what we are seeing in the marketplace too.
KEY TAKEAWAYS 
<ul>
<li>House prices have dropped 3-4% across the country.</li>
<li>We aren’t seeing a big increase in repossessions as some might have expected.</li>
<li>There are 110k people coming off fixed-rate mortgages a month right now</li>
<li>Lenders have had pressure put on them by the government to switch people to interest-only mortgages to help with affordability.</li>
<li>There are a lot of new permitted development rights going through consultation right now which could be transformative for anyone looking to convert buildings into residential use.</li>
<li>Betting offices, and payday loans will be within the permitted benefit scheme under new changes for redevelopment.</li>
<li>There is a collaboration between the government and a property steering committee to get property digitalised, creating less friction, speed and transforming the industry.</li>
</ul>
BEST MOMENTS  
“You can imagine these interest rate rises are going to bite and decrease their spending elsewhere”
“This is quite different to what we saw in the late 80s and because of that repossessions are still very, very low”
“House prices have probably dropped 10-15% in many areas”
“
VALUABLE RESOURCES
<a href="https://www.progressiveproperty.co.uk/offers/msopi-property-investing-event-tc-ggl/?gclid=Cj0KCQiAjc2QBhDgARIsAMc3SqR7wMwLKFciEZbG8Jn8hUh2CDX2xN7HrF-DQJohHHG6d7DTUEnSaVYaAnatEALw_wcB">MSOPI – Multiple Streams of Income:</a>
<a href="https://www.progressiveproperty.co.uk/">https://www.progressiveproperty.co.uk</a>
<a href="https://kevinmcdonnell.co.uk/">https://kevinmcdonnell.co.uk</a>
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor &amp; Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  
CONTACT METHOD
<a href="https://www.facebook.com/kevinMcDonnellProperty/">https://www.facebook.com/kevinMcDonnellProperty/</a>
<a href="https://kevinmcdonnell.co.uk/">https://kevinmcdonnell.co.uk/</a>
TikTok: <a href="https://www.tiktok.com/@progressiveproperty">https://www.tiktok.com/@progressiveproperty</a>
YouTube: <a href="https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g">https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g</a>
Twitter: <a href="https://twitter.com/progperty">https://twitter.com/progperty</a>
LinkedIn: <a href="https://www.linkedin.com/company/progressiveproperty">https://www.linkedin.com/company/progressiveproperty</a>
Instagram: <a href="https://www.instagram.com/progressiveproperty/">https://www.instagram.com/progressiveproperty/</a>
Facebook Community: <a href="https://www.facebook.com/groups/progressivepropertycommunity">https://www.facebook.com/groups/progressivepropertycommunity</a>
Facebook Page: <a href="https://www.facebook.com/Progperty">https://www.facebook.com/Progperty</a>

The Progressive Property Podcast helps you make smarter property & real estate investments, for leveraged property success & financial freedom, even with little or no money down. Whether you're a buy & hold investor, flipper, deal packager, multi-letter, want to get started, scale up, systemise or create multiple streams of property income, the Progressive Property Podcast will save you time & mistakes & help grow your knowledge, skills, & confidence. No fluff or filler, no ads and deep-dive real life information from real-deal investors who have some of the UKs largest portfolios. Interviews with millionaires, billionaires & successful real life Progressive Property community members will help you build your income generating portfolio in less time. Invest for freedom, choice & profit.

Advertisement