Join Mark in this episode where he unveils his personal predictions for the property market in 2023 including why property prices are set to drop 30-40%!

KEY TAKEAWAYS
Inflation is now 10% and mortgage rates have gone up considerably resulting in property prices dropping around 10-15% already.
The reverse is happening in the rental market as fewer people are buying and supply is too low.
Mark doesn’t believe the bank of England will go to 5% inflation however, we won’t be seeing the historically low rates we have had over the past decade.
Wages are now starting to increase in line with inflation.
Properties will continue to fall in 2023, potentially in real terms a 40% drop in house prices.
The big national builders are already building less. There will be fewer houses built in 2023.

BEST MOMENTS

“Clearly it’s not been an easy ride for lots of businesses”

“We’re on course for a 30-40% drop in real house prices”

“They printed too much money”

“The national house builders are cutting back”

VALUABLE RESOURCES

https://www.youtube.com/user/progressivepropertyhttps://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: Markhomer@progressiveproperty.co.uk

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

Join Mark in this episode where he unveils his personal predictions for the property market in 2023 including why property prices are set to drop 30-40%!
KEY TAKEAWAYS 
<ul>
<li>Inflation is now 10% and mortgage rates have gone up considerably resulting in property prices dropping around 10-15% already.</li>
<li>The reverse is happening in the rental market as fewer people are buying and supply is too low.</li>
<li>Mark doesn’t believe the bank of England will go to 5% inflation however, we won’t be seeing the historically low rates we have had over the past decade.</li>
<li>Wages are now starting to increase in line with inflation.</li>
<li>Properties will continue to fall in 2023, potentially in real terms a 40% drop in house prices.</li>
<li>The big national builders are already building less. There will be fewer houses built in 2023.</li>
</ul>
BEST MOMENTS 
 “Clearly it’s not been an easy ride for lots of businesses”
“We’re on course for a 30-40% drop in real house prices”
“They printed too much money”
“The national house builders are cutting back”
VALUABLE RESOURCES 
<a href="https://www.youtube.com/user/progressiveproperty">https://www.youtube.com/user/progressiveproperty</a> <a href="https://www.progressiveproperty.co.uk/the-progressive-co-founders/">https://www.progressiveproperty.co.uk/the-progressive-co-founders/</a>
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: Markhomer@progressiveproperty.co.uk
LinkedIn: <a href="https://www.linkedin.com/in/markhomer1">https://www.linkedin.com/in/markhomer1</a>
Facebook: <a href="https://www.facebook.com/markprogressive">https://www.facebook.com/markprogressive</a>
Twitter: <a href="https://twitter.com/markprogressive">https://twitter.com/markprogressive</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.

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