The Scottish Property Podcast

Market Updates with Davy Hutton

Listen Later

In this episode, hosts Steven Clark and Nick Ponty are joined by Davy Hutton to discuss the latest market updates for August 2024. They cover a range of topics affecting the Scottish property market, including inflation, economic outlook, property market dynamics, planning system inefficiencies, and the impact of government policies.


UK Inflation and Taylor Swift Effect:

  • UK inflation stayed at 2% in June, partly attributed to Taylor Swift's tour increasing demand and prices in local services, particularly hotels.
  • The Bank of England's base rate is 5.25%. Despite expectations for a cut, the "Taylor Swift effect" and other factors create uncertainty.

    • Economic Outlook and Government Stability:

    • Discussion on the fragility of the economy and potential for a positive shift post-election with Keir Starmer's leadership.
    • Reflection on the previous government's impact and optimism with the new administration.

      • Property Market Dynamics:

      • Landlords are selling properties, affecting the rental market as they are not being bought by other landlords.
      • House prices and rents are rising due to inflation and market demand, with regional variations noted.
      • Areas like the West End of Glasgow are performing well due to lower mortgage levels and high cash transactions.

        • Planning System and Government Intervention:

        • Inefficiencies in the planning system and the need for reform are discussed.
        • Importance of competent and trustworthy government intervention is emphasized.

          • Buy-to-Let Mortgages and Investment Strategies:

          • The number of new buy-to-let mortgages has halved, with fewer landlords entering the market.
          • Larger companies and cash buyers remain active, impacting the market differently.
          • Debate on the benefits of investment properties and effective debt management.

            • Affordability and Rental Market:

            • Home affordability in Scotland has decreased, with the average home now costing 5.2 times the typical salary, up from 3.8 times in 2003.
            • Despite rising rents, affordability remains a challenge. The balance between protecting tenants and not over-regulating landlords is discussed.

              • Airbnb and Short-Term Rentals:

              • Potential impact of banning Airbnb in Edinburgh is debated, considering the balance between tourism benefits and housing availability for residents.
              • The impact of the internet on the reach and influence of short-term rentals on local communities is discussed.


                • ----------------------------------

                Follow Prime Property Auction on Instagram:
                Prime Property Auction: https://www.instagram.com/primepropertyauctions/
                John: https://www.instagram.com/john_property_auctioneer/
                Luis: https://www.instagram.com/luis_property_auctioneer/
                Visit Prime Property Auction website: https://primepropertyauctions.co.uk/

                ------------------------------------

                Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast


                **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.


                🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠⁠⁠⁠⁠


                ⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify.


                Connect with us on social media:🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠⁠⁠⁠⁠

                🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠⁠⁠⁠⁠


                📩  Email us:

                [email protected]

                [email protected]


                ...more
                View all episodesView all episodes
                Download on the App Store
                The Scottish Property PodcastBy Nick Ponty and Steven Clark
                • 5
                • 5
                • 5
                • 5
                • 5

                5

                1 ratings

                More shows like The Scottish Property Podcast

                View all
                The Meaningful Money Personal Finance Podcast by Pete Matthew

                The Meaningful Money Personal Finance Podcast

                81 Listeners

                The Property Podcast by Rob Bence and Rob Dix from The Property Hub

                The Property Podcast

                63 Listeners

                This is Money Podcast by This is Money

                This is Money Podcast

                42 Listeners

                Disruptors by Rob Moore

                Disruptors

                122 Listeners

                The Progressive Property Podcast by Kevin McDonnell

                The Progressive Property Podcast

                7 Listeners

                Open Goal - Football Show by Open Goal - Football Show

                Open Goal - Football Show

                121 Listeners

                The Money Podcast by Rob Moore

                The Money Podcast

                21 Listeners

                James Sinclair's Business Broadcast by James Sinclair

                James Sinclair's Business Broadcast

                5 Listeners

                The High Performance Podcast by High Performance

                The High Performance Podcast

                629 Listeners

                Commercial Property Investor Podcast by Jerry Alexander

                Commercial Property Investor Podcast

                3 Listeners

                Simon Squibb by Simon Squibb

                Simon Squibb

                9 Listeners

                The Overlap by The Overlap

                The Overlap

                278 Listeners

                Making Money by Damien Jordan & Timeyin Akerele from Most

                Making Money

                11 Listeners

                Stick to Football by The Overlap

                Stick to Football

                343 Listeners