In this podcast episode, Rob discusses the recent news that UK house prices have fallen at the sharpest rate in 14 years. He provides his own perspective on the situation, highlighting that the decline in prices during the summer months is not surprising and may even be a positive correction. 

TAKEAWAYS

UK house prices have experienced the sharpest decline in 14 years, with a drop of 3.8%, the largest since July 2009.

Mortgage interest rates remain high, making affordability a challenge for house buyers.

The average price for a home in the UK is around £260,000, which is £13,000 below the peak in August last year.

The housing market has been subdued, with fewer completed housing transactions in June compared to the previous year.

There is a belief that the UK is heading towards a full-on recession, supported by market data and the expectation of increasing interest rates.

BEST MOMENTS

"A lot of it goes on to report that many first-time buyers should welcome a drop in house prices, which have climbed in recent years." 

"My stance and our stance at Property Nomads is that they'll probably keep increasing rates until they break something." 

"Let's keep it YouTube friendly." 

"There's always opportunities out there. Keep doing your homework, keep networking, keep speaking to people." 

VALUABLE RESOURCES

https://linktr.ee/thepropertynomadspodcast

In this podcast episode, Rob discusses the recent news that UK house prices have fallen at the sharpest rate in 14 years. He provides his own perspective on the situation, highlighting that the decline in prices during the summer months is not surprising and may even be a positive correction. 
TAKEAWAYS
UK house prices have experienced the sharpest decline in 14 years, with a drop of 3.8%, the largest since July 2009.
Mortgage interest rates remain high, making affordability a challenge for house buyers.
The average price for a home in the UK is around £260,000, which is £13,000 below the peak in August last year.
The housing market has been subdued, with fewer completed housing transactions in June compared to the previous year.
There is a belief that the UK is heading towards a full-on recession, supported by market data and the expectation of increasing interest rates.
BEST MOMENTS
"A lot of it goes on to report that many first-time buyers should welcome a drop in house prices, which have climbed in recent years." 
"My stance and our stance at Property Nomads is that they'll probably keep increasing rates until they break something." 
"Let's keep it YouTube friendly." 
"There's always opportunities out there. Keep doing your homework, keep networking, keep speaking to people." 
VALUABLE RESOURCES
<a href="https://linktr.ee/thepropertynomadspodcast">https://linktr.ee/thepropertynomadspodcast</a>

Property Nomads brings property and all things currency, money and macro straight to you. All with a no-nonsense attitude! 

EVENT MENTIONED ON PODCAST 
https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692

WHERE TO FIND US = https://linktr.ee/thepropertynomadspodcast

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP = https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR = https://dash.sovereignman.com/a/4pmain/tpnpodcast

PROPERTY BOOKS  
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL

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. 

Property Nomads brings property and all things currency, money and macro straight to you. All with a no-nonsense attitude! 
EVENT MENTIONED ON PODCAST  <a href="https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692">https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692</a>
WHERE TO FIND US = <a href="https://linktr.ee/thepropertynomadspodcast" data-saferedirecturl="https://www.google.com/url?q=https://linktr.ee/thepropertynomadspodcast&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw24jygsJC7ETEGW7oGeqipv">https://linktr.ee/thepropertynomadspodcast</a> 
SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP = <a href="https://dash.sovereignman.com/a/smc12m995/tpnpodcast" data-saferedirecturl="https://www.google.com/url?q=https://dash.sovereignman.com/a/smc12m995/tpnpodcast&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw3Mt16pMm9PsmgmljA6v0DI">https://dash.sovereignman.com/a/smc12m995/tpnpodcast</a> 
SOVEREIGN MAN 4th PILLAR = <a href="https://dash.sovereignman.com/a/4pmain/tpnpodcast" data-saferedirecturl="https://www.google.com/url?q=https://dash.sovereignman.com/a/4pmain/tpnpodcast&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw1AJx78Z7tzK5xLVjw2Z0Js">https://dash.sovereignman.com/a/4pmain/tpnpodcast</a> 
PROPERTY BOOKS  Property FAQs = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbko0U3dKT3g3NWVLTXlrcjREVmxOZmdGSHM5UXxBQ3Jtc0tuME9qbUdPYlpjY0p6OFkxaS1TSlJzOXgwbVhFYlZNVUFrd1RzRXZIamJJQmk5QUNIYlVoZ1JnV0pQWjJ1b0ZERWtJTkVWNzZDLWxLNVVMZjJyaVBIUHVmYTBZUzhVMk4tZno0UWVtZW9TS2FUUFFSaw&amp;q=https%3A%2F%2Famzn.to%2F3MWfcL4&amp;v=hUIpY5z9iDM" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/redirect?event%3Dvideo_description%26redir_token%3DQUFFLUhqbko0U3dKT3g3NWVLTXlrcjREVmxOZmdGSHM5UXxBQ3Jtc0tuME9qbUdPYlpjY0p6OFkxaS1TSlJzOXgwbVhFYlZNVUFrd1RzRXZIamJJQmk5QUNIYlVoZ1JnV0pQWjJ1b0ZERWtJTkVWNzZDLWxLNVVMZjJyaVBIUHVmYTBZUzhVMk4tZno0UWVtZW9TS2FUUFFSaw%26q%3Dhttps%253A%252F%252Famzn.to%252F3MWfcL4%26v%3DhUIpY5z9iDM&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw3ywG3Sq2jPg9t3NqNbIywE">https://amzn.to/3MWfcL4</a>  Buy To Let: How To Get Started = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqa1E2QUx5dmRkUWFTQWsyVmhLbGVrb0FxcUNnUXxBQ3Jtc0tselFnNnk5VGRBcVEzeFlveldhVUdtZmNGdlJqR1V5ejYwQTZSUFJYMFRYdXpKS0NGSWZaT2o5blZ1RXl4bG1XbVdZWTQtU3cyVWlib09ZR0xIMGxzOU85ZjNsQlQ0X0Y4aEFXeWpZMTFPQW1oTXQxUQ&amp;q=https%3A%2F%2Famzn.to%2F3genjle&amp;v=hUIpY5z9iDM" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/redirect?event%3Dvideo_description%26redir_token%3DQUFFLUhqa1E2QUx5dmRkUWFTQWsyVmhLbGVrb0FxcUNnUXxBQ3Jtc0tselFnNnk5VGRBcVEzeFlveldhVUdtZmNGdlJqR1V5ejYwQTZSUFJYMFRYdXpKS0NGSWZaT2o5blZ1RXl4bG1XbVdZWTQtU3cyVWlib09ZR0xIMGxzOU85ZjNsQlQ0X0Y4aEFXeWpZMTFPQW1oTXQxUQ%26q%3Dhttps%253A%252F%252Famzn.to%252F3genjle%26v%3DhUIpY5z9iDM&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw3wSr9vgHsK-gwrLCtfirSU">https://amzn.to/3genjle</a>   101 Top Property Tips = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbmVnUXA2cFZwWS1uMktqZGZTNEFPUXRMeFg4QXxBQ3Jtc0trRzFnd1NPWWRjZU5tLVlnZjRNQ0FmX3RjazV2aXE4ZGVQbDJOVW13OEc4TkdrMDJhUHlLcGdETWQxNzRmVWZCUkRtMTZXZEVPY1ktOXhScEZCejNudHFBTTVuQ1poU1Q3bFlBSDdPTEpfTWV3SEFCUQ&amp;q=https%3A%2F%2Famzn.to%2F2NxuAQL&amp;v=hUIpY5z9iDM" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/redirect?event%3Dvideo_description%26redir_token%3DQUFFLUhqbmVnUXA2cFZwWS1uMktqZGZTNEFPUXRMeFg4QXxBQ3Jtc0trRzFnd1NPWWRjZU5tLVlnZjRNQ0FmX3RjazV2aXE4ZGVQbDJOVW13OEc4TkdrMDJhUHlLcGdETWQxNzRmVWZCUkRtMTZXZEVPY1ktOXhScEZCejNudHFBTTVuQ1poU1Q3bFlBSDdPTEpfTWV3SEFCUQ%26q%3Dhttps%253A%252F%252Famzn.to%252F2NxuAQL%26v%3DhUIpY5z9iDM&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw08Em7GiLbSgqTl0j-gHsly">https://amzn.to/2NxuAQL</a>  
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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