In this episode, Rob shares his opinion of what is happening in the UK property market right now. He explains why he is concerned that the market has been over-stimulated. Then outlines some of the negative consequences that may arise as a result. He provides his take on what is likely to happen to the economy and explains what he is doing to diversify and protect himself from some of the financial fallout.

Rob is not an IFA, so is not offering financial guidance in this podcast. He is simply sharing his take on the situation based on his many years of experience of investing in the UK property market.

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KEY TAKEAWAYS

• There was a lot of pent-up demand created by CoVid, so buyers are chasing a small stock of houses.
• Competition is stiff, discounts are rare, and bidding wars are starting to happen.
• The stamp duty break has potentially overstimulated the UK property market.
• Investors need to think about whether the current situation is sustainable.
• With soaring prices, you need to be more cautious to ensure that you do not end up overpaying.
• Bear in mind that if you need to refinance in a bear market you might have a problem.
• The way most governments responded to the crisis means that there is highly likely to be massive economic fallout.
• If you do not understand what normally happens when governments print masses of money, fill that gap in your knowledge.
• It is worth seeing if you can hedge yourself against the mass inflation that is possibly going to happen.
• It is always worth periodically seeing if it makes sense to diversify.
• Demand for property looks set to continue to outstrip supply for a good while yet.
• Now is a good time to speak to an IFA to help you to reassess what you are doing.

BEST MOMENTS

‘Prices are spiralling, they´re going up and up and up. The competition out there is tougher and tougher.’

‘You might want to look at the general macroeconomics and how much you can hedge yourself against mass inflation.’

‘Enjoy the good times, but also prepare for when it´s not going to be so good.’

‘Is it time to look at something else rather than property? You can be the judge of that.’

VALUABLE RESOURCES

The Property Nomads Website 

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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