In this episode, Rob talks about the impact that the change in the stamp duty rules has had on the UK housing market. He explains how other factors, such as interest rates, Covid, Brexit, quantitative easing and new planning rules are changing things too. As well as discussing the politics behind the rule changes that are partially responsible for driving demand. Finishing up by looking at whether demand and prices are likely to continue to grow and how to take advantage of any opportunities that may emerge as a result of this potentially volatile period.
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KEY TAKEAWAYS
The scrapping of stamp duty, until March 2021, has generated more demand and buoyancy in the market
In some areas, pent-up demand is leading to bidding wars
Some buy to let buyers are struggling to find properties to add to their portfolios
You have to factor in what will happen if a lot of people end up out of work and are unable to borrow or re-mortgage
Property investors have to understand the bigger picture now, more than ever before
It is highly likely that the housing bubble will burst
There will be a financial reckoning, but opportunities will also emerge
You may still want to buy, but think about what could happen 6 to 12 months out to make sure that you are not overpaying now
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BEST MOMENTS
‘If there's a lot of liquidity in the market there are two ways to sort it out, inflation and or raising taxes.’
‘Now there will be opportunities but just analyse it properly and understand what's going on’
‘is the housing market becoming a big bubble? I believe so I believe it´s going to go horribly wrong at some point’
VALUABLE RESOURCES
The Property Nomads Website
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)
101 Top Property Tips Rob Smallbone, Aaron Devoy
ECI Development website
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https://www.ecidevelopment.com/
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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uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
