On this week’s show we take a look at London house prices and the UK property bubble, as well as a possible housing boom in the north. We also discuss the government’s plans regarding foreign investors, and lastly China’s property bubble.

This week’s news

Housing bubble in the UK – what the data suggests

This is a great article from Money Stepper that looks at the difference in houses prices between the north and south, house prices versus income, and whether there really is a UK property bubble. Plenty of concise facts and data; well worth a read.

Wealthy foreign property owners targeted for tax to pay for giveaways

As we discussed a few weeks ago, the government are planning to tax foreign investors who buy and sell property in the UK. It now seems likely the plans will go ahead Is it a good thing?

Property boom finally reaches the North

Property transactions, and the speed at which they are processed, has increased in the North. Does this mean a boom for the Northern property market?

Quirky news – Haunted housing

There are some crazy figures in this article from The Economist, including the fact that China are planning to build 144 cities and 200 new towns. With ghost towns on the increase, is their bubble about to burst?

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Full transcript

Welcome to Property News Radio, your weekly dose of property news and information. Stay informed in just fifteen minutes every week. Here’s your host, Rob Bence from RMP Property!

Rob Bence:         Hello and welcome to Property News Radio. I’m Rob Bence from RMP Property. Thank you so much for joining me this week. We’ve got a short episode, but I don’t fill it with fluff. We’re just going to get straight down to the good stuff, so let’s have a look at what’s coming up.

First of all, we’re going to have a look at the reviews that are coming this week, then an interesting article on the housing bubble or is it; tax on foreign investors looking more likely; property boom finally reaches enough; and our quirky news piece this week actually comes from the economist.

First of all, thank you so much to people who responded to my request for reviews last week. There are certainly a few people out there enjoying the show and a number of reviews are coming. I’m going just read out a couple and I will get to you this next week, but thank you I will read them all out in the coming weeks. If you do enjoy the show, please get on iTunes, leave a review and I will read yours out as well.

But first of Ollie Willis says,  “Informative and quick, a great weekly broadcast on Property News that’s giving me good advice and articles to review during my property investment journey.”

Thomas says, “All the news rounded up in 15 minutes. We do know the property investment news every day, not for me. I have much better things to do. Also, everything will be quite boring.

This week on Property News Radio we start by taking a look at Savills latest property report. We also discuss the Help to Buy scheme, London property prices and UK property taxes. We finish with a look at some of the incredible homes on Billionaire’s Row.

This week’s news

Savills Residential Property Forecasts Report

Savills have just released their latest research report charting property forecasts over the next five years. The report looks at price rises, transaction levels, and more, and is well worth a read.

Help to Buy puts new generation of home owners on housing ladder

This government article looks at the Help to Buy scheme and the latest figures which show more than 2000 people were accepted for a Help to Buy mortgage in the scheme’s first four weeks alone. Surely this is an indication of the impact the scheme will have in the near future?

Prime central London property prices still rising, but rate of growth slowing

An interesting article from Property Wire which suggests that while London house prices will continue to rise, the rate of growth will start to slow.

UK property taxes highest in developed world, says thinktank

The Guardian takes a look at the government return on property taxes as a percentage of overall GDP.

Quirky news – The Bishops Avenue: is there anyone at home?

A fascinating look at some of the incredible houses located on Billionaire’s Row, including one property currently for sale at £38 million…

And if you haven’t already, don’t forget to check out The Property Hub. It’s a great new resource for property investors.

If you enjoy Property News Radio, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks I will read out every single review we receive.

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Full transcript

Intro: Welcome to Property News Radio, your weekly dose of property news and information. Stay informed in just fifteen minutes every week. Here’s your host, Rob Bence from RMP Property!

Rob Bence: Welcome to Property News Radio! I’m Rob Bence from RMP Property. We’ve got a great episode lined up for you this week!

Let’s have a look at what’s coming up. We’ve got the Savills Report, help to buy scheme takes off, prime central London slows in growth, UK property tax is the highest in the world, and finally our quirky news piece: billionaire’s row.

Normally we start with the reviews; we haven’t had any in this week so if you are enjoying this show please head over to iTunes to leave a review. It makes a big difference and we’re going to read it out next week.

Let’s move on to our new stories. First of all, the Savills is the most important report ever. If you don’t follow their stuff, I highly recommend you do. Of course I’ll cover all the good stuff in Property News Radio,

This week on Property News Radio we start with an exclusive, exciting announcement! We also discuss some global property market news, how the ripple effect is continuing to spread, and George Osborne’s proposal to tax overseas investors who buy and sell property in the UK. We finish with a look at how wind farms can reduce the value of property.

This week’s news

Exclusive: Introducing The Property Hub

We’re pleased to announce the launch of The Property Hub, a project Rob Dix and I have been working hard on for a while. The Property Hub is a FREE online community where aspiring and experienced investors can get help, get motivated, and share what they know. Sign up to be a part of it now!

Insight – Property hot spots renew easy-money bubble fears

This is an interesting article from Reuters, which provides a roundup of global property news. They make some useful comparisons, look at where prices are now and comment on various countries’ economic recovery status.

Foreign investors ‘snap up 30%’ of new-build housing in Cambridge – but are they pushing up prices?

A look at just how far the ripple effect is now reaching with some interesting data to consider.

Britain considers taxing foreign property investors as house prices soar

So it seems that George Osborne is considering taxing overseas investors who choose to buy and sell property in the UK. Is this a good move? Will it put potential investors off?

Quirky news – Wind farms knock eight per cent off average home value, property experts reveal

A look at some data which suggests that wind farms are detrimental to property values. I don’t mind them, but I’m in the minority. What are your thoughts?

If you enjoy Property News Radio, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks I will read out every single review we receive.

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Full transcript

Welcome to Property News Radio, your weekly dose of property news and information.  Stay informed in just 15 minutes every week.  Here’s your host Rob Bence from RMP Property.

Welcome to Property News Radio.  I am Rob Bence from RMP Property.  I hope you well and thanks for joining us again this week.  Let’s have a look at what we’ve got coming up.

First of all, we’ll have a look at our reviews then, a big announcement and exclusive then, we’ll have a look at property around the globe, “the ripple effect in action”, “overseas investors to be taxed” and finally, our quirky news piece, “wind not so good for property”.

So, first of all before we go any further, I’d like to jump straight into reviews.  And thank you to Luke this week for your lovely review.  I really appreciate it.  It says, “Great podcast. This broadcast is my kind of property news bulletin.

This week on Property News Radio we discuss improvements in UK GDP levels, the recent increase in public confidence that house prices will rise, and how the Help to Buy scheme is affecting rent rises across the country. We also consider the Waitrose effect on property prices, take a look at the most expensive council house ever, and find out about just how far-reaching the ripple effect is.

This week’s news

UK GDP: fastest growth for three years

With news that GDP levels have improved again for the third quarter in a row backed by positive statements from an upbeat Chancellor, surely it seems that the economy is finally starting to get back on track?

Confidence in house price growth reaches four year high in the UK

Confidence in house prices is at a peak, with reports suggesting that 89% of homeowners believe that property prices will rise over the next six months. This can only be good news for the UK property market.

Help to Buy property scheme affecting rent rises in most of the UK

Has the Help to Buy property scheme affected rent rises? Probably, yes, but it’s not all bad news for investors…

Most expensive-ever council house due to go under the hammer

Southwark Council is due to auction a property which is likely to be the most expensive council house on record. With a guide price of £2.3m, it could make much more, given the interest the sale is already generating. Will this be the start of an ongoing trend?

The Waitrose snobbery/property price index

 An interesting article which discusses the Waitrose effect on property prices. A recent survey suggested that in London, there is now a 50% premium for properties within a ‘Waitrose postcode’.

Quirky news – London rents are so high it is now cheaper to live in BARCELONA and commute in (and here’s how…)

Can it really be cheaper to live in Barcelona and commute to London rather than living in and around the City? This article not only highlights just how high rents and property prices are in London, but also demonstrates how widespread the ripple effect has become.

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Full transcript

Intro:                                     Welcome to Property News Radio, your weekly dose of property news and information.  Stay informed in just 15 minutes every week.  Here’s your host Rob Bence from RMP Property.

Rob:                                       Hello and welcome to Property News Radio.  I’m Rob Bence from RMP Property.  I hope you’re very well.  We’ve got mixed news this week but it’s all interesting and worthwhile knowing.  So,

This week on Property News Radio we look at rising prices in London, warnings over the rising prices and normal people buying priced out of London. We also look at the property market in Germany and an interesting interview with Grand Designs star Kevin McCloud.

This week’s news

London Property Prices Sky Rocket

A new record has been set for the largest month on month growth for asking prices in London, a 10.2% rise. While London prices surge ahead the rest of the UK made little or no gains. Is it time to look outside of the Capital?

London’s Great Exodus

This interesting article from the New York Times tells the story of a London of a family moving from London to Cambridge as they have been priced out of the market. Interestingly the article highlights the record gap between property prices inside and outside of London.

Vince unhappy again

With all the strong data coming out of London Vince Cable fires a warning shot that this level of growth can not be sustained.

Bank of England not interested in regulating house prices

The bank of England responded to the statement made by RICS that house price growth should be capped at 5%. Not only is this ridiculous it would be incredibly hard to implement. Thankfully the BOE sees it the same way.

Quirky news – Grand Designs Star not so good at making grands

The Telegraph had an interesting interview with Kevin McCloud from the popular TV show Grand Designs. He freely admitted his focus on design has meant he has made little money from property over the years. This may come as worrying news to all the people that have just funded his new property venture via crowdsourcing!

If you enjoy Property News Radio, please leave a review on iTunes

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Full transcript

 

This week on Property News Radio we look at..

Naught Property Guru’s

House Prices grow by 0.5% in one month

Plenty of growth potential for London

Housing bubble talk is “Hysteria”

Quirky News – Property gives new meaning to deal falling through

If you enjoy Property News Radio, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks I will read out every single review we receive.

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Full transcript

This week on Property News Radio we cover…

* A change of housing minister

* Contrasting news paper headlines

* A tale of two cities

* 25 Property Movers and Shakers

If you enjoy Property News Radio, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks I will read out every single review we receive.

If you’d like to hear your name on the show, leave us a review on iTunes here.

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Remember you can build on your knowledge by downloading the property tool kit here for free.

Full transcript

Panic by the Government

So it seems Mr Cameron and Mr Osborne couldn’t control their excitement and have brought the Help to Buy Scheme forward from January. Anyone would think they have listened to last weeks special report on the Help to Buy Scheme. Also covered this week are the Bank of England’s involvement in the new scheme, tax news and a look at the way we live.

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Reviews are really important in helping other people to find the show, so by way of thanks I will read out every single review we receive.

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Full transcript

This week on Property News Radio we have a special report on the new Help to Buy Scheme coming in January. There is much talk in the media that this scheme will create the next property boom, we discuss this and much more.

Topics discussed

* What is the Help to Buy Scheme and how will it work?

* What schemes are currently in place and how do they differ?

* Have the schemes already impacted the market?

* What will affect will the scheme have in the future and will it create a property boom

* Is the Help to Buy Scheme a good or bad thing?

If you enjoy Property News Radio, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks I will read out every single review we receive.

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It’s a mixed bag this week from politicians having their say to a surge in estate agents. All of it however will leave you a little more knowledgeable about the UK Property market.

This week’s news

Vince is not amused

The business secretary, Vince Cable, has said the government should not introduce the help-to-buy mortgage scheme in January, adding that it needed to be looked at in the light of market conditions.

He said: “We certainly do not want a housing bubble.” While he may be right Mr Cable will know that this scheme is already too far down the road to be stopped. So is this a genuine warning shot or political strategy?

Either way the Help to Buy Scheme will launch in January and it’s highly likely it will push prices up.

Mark Carney keeps watch

Mark Carney has warned that the Bank of England will keep an eye on the property market and not allow it to get out of control. Addressing MPs, he said the Bank would consider a potential cap on loan-to-value ratios and “more intensive supervision” of banks to rein in lending if the market was judged to be running out of control. However, he stressed that there was little sign of a boom yet.

So encouraging words from the new governor of the Bank of England, growth will be tolerated but a boom will be avoided. However the last person to say “No more boom or bust” didn’t quite manage it.

Flats have a high rise

Fascinating data from a Halifax report thats shows flat prices have risen by 35 per cent since 2003. Which is higher than any other property type.

Considering the big drop in property values over the last few years the data is fascinating. Most people assume that flats have performed the worst but actually the opposite is true. The lesson is don’t make property assumptions and do your own research.

Wise Words from economist John Kay

Here is an extract from an interview with economist John Kay in the Sunday Times this week. It‘s straightforward common sense principles that anyone can understand.

He was asked…Do you think the UK property revival is sustainable?

Yes, I do. I think the government is interfering unnecessarily.  The mortgage guarantee element of the Help to Buy scheme is idiotic. What we need is to build more houses, not encourage people to bid up the price of the existing stock.

Talk of another property bubble is wrong.  My concept of a bubble is when people are buying things, not for their intrinsic value, but because they believe they will shortly be able to sell them at a higher price.  That was true in parts of the US property market and it was true in Spain.  I don’t think it was ever really true in the UK.

Even at the peak of house prices, in 2006-07, houses were overwhelmingly being bought by people who intended to live in them.

Quirky news –  Oh joy, more estate agents!

The Daily Mail is reporting that the number of estate agents has soared to a record high.

According to the Office for National Statistics, the number of jobs in the sector rose to 562,000 in the second quarter of the year, exceeding the 2008 peak and the most since its records began in the late 1970s!

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