In this episode, Rob speaks to John Penquet who is a leading figure in the field of researching and forecasting the UK property market. He provides the Property Market Forecast (PMF). A report that correctly predicted what was going to happen during the CoVid crisis. He is also an author.

John invests to fill gaps in the market. Where demand is high and supply is low, prioritising providing the kinds of properties people are crying out for. He invests nationally and chooses where to invest and when using data and analytics. In the podcast, John shares details of this approach. He also shares his take on the current high demand for property. Including how long he expects that trend to last.

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KEY TAKEAWAYS

• Most property investors are not good at using data and analytics to inform their business decisions.
• You need to be aware of the risks of investing in property as well as the benefits.
• It is not wise to blindly follow. The strategy that worked last year may not work now.
• Not many people understand the macroeconomics of their country and how that affects the property market.
• Many of us lose sight of the fact that not all properties increase in value at the same time or rate.
• There are places where prices are going up by 24%. Yet other postcodes are falling by 3%.
• John looks at growth and demand and does so at the postcode level.
• The UK property market is finally adjusting and is doing so at an accelerated rate.
• If the demand is there and there isn´t supply, you are going to make money.
• When you add value i.e., providing what people really need, your property becomes more valuable.
• Generally, when the level of indebtedness increases, house prices go up.
• We should continue to see growth for a while yet.
• Inflationary pressure would have a big impact on the property market. Inflation is likely to be a reality at some point.
• No matter what stage the market is at there are always opportunities.
• If you do not have a business plan, you need to write one now.
• If you are not using hard data, you need to start doing so.

BEST MOMENTS

‘In our industry, there´s such a misunderstanding of how to use analytics and how to use data.’

‘We can provide the property types and solutions that our entire population and economy needs.’

‘Making sure that you buy the thing that people want is important.’

GUEST RESOURCES

Property Truth or Dare by John Penquet

https://www.ultimate-landlord.com

Ultimate Landlord Property Market Report

Training

Ultimate Landlord Facebook Group

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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