Rob is joined once more by Mark Champ of Wharf Financial to discuss the current state of the property market, including the impact of the Bank of England base rate increase and the reduction of mortgage rates by some lenders. Mark shares that developers are cautious and looking to reduce land prices, while vendors are resistant. They also touch on the potential negative impact of global events, such as the situation in China, and the need for investors to be creative and take calculated risks.
"I think there could be a shift of power economically on a global scale soon."
"I think initially negative because it would scare people, it would spook people."
"Be fearful when others are greedy and greedy when others are fearful."
"I think we're both saying it's opportunities. Whatever market you're in, you've just got to find them."
"We don't want to constantly come across as being negative when we do these things, but we have to be realistic."
Wharf Financial - https://www.wharffinancial.co.uk
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ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
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Buy To Let: How To Get Started = https://amzn.to/3genjle
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