The Property Nomads5 Updates From the Property Market
Rob is sharing some updates from the Property market in this unprecedented time of a global pandemic. The information is both predictable in some areas and unexpected in others.
Rob explains both the expected and unexpected in this episode because it’s all about understanding what’s behind the headline, listen in for some great content.
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KEY TAKEAWAYS
- Demand from new prospective renters has hit the highest recorded level for February – More people are shifting towards renting.
- Rents are continuing to increase year on year - If you are running a property business and your basic costs are increasing then this will need to be passed on.
- Number of landlords selling buy to let properties has risen – A combination of factors with increased barriers for landlords.
- A 2% increase in the number of late rental payments - People who are furloughed are not going out.
- Average monthly rents across the UK have only increased by an average of only 7.5% during the second quarter of the year – Increases in rent will be over a longer period.
BEST MOMENTS
‘If property is all you’ve got then to negate the changes in your bottom line the cost will be passed on’
‘More people are shifting towards renting’
‘The population will continue to increase in our lifetime’
VALUABLE RESOURCES
https://podcasts.apple.com/gb/podcast/the-property-nomads-podcast/id1440016017
The Property Nomads - Stitcher
Buy To Let: How To Get Started – By Rob Smallbone (Amazon)
ABOUT THE HOST
Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business and life and to inspire you to achieve your goals, dreams and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight and enjoy the ride that is life.
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