Back after a short break this week Property News Radio brings you all the latest news from a busy week in Property. The economy is looking strong and property remains the darling sector of this new era.

This week’s news

Osborne Optimistic

Services, Manufacturing and Construction all up, in fact they are growing at the fastest rate since records began in 1998. George Osborne has been very positive on the future of the UK economy and he’s also responsible for the creation of the new government first time buyer schemes. Interestingly Mr Osborne choose to deliver his speech at a construction site, so it does seem he really is a property fan.

Zoopla & Rightmove looking to cash in.

Zoopla claims to be the fastest growing UK online business and they want to cash in on this good news. Rumour has it that they are looking to float on the stock exchange and the value of their company is expected to be £1.3bn, this would value the business at 50x earnings which is very high. Zoopla can only dream of such a high valuation because they believe the UK property market is heading the right way. Also looking to cash in on all this positivity is the estate agents Foxtons, they are also looking to float on the stock exchange. It clearly shows there is a lot positivity around property in the short to medium term.

Savills takes us back to the future.

Savills has looked back through it’s historic property data and has discovered that 2013 statistically is performing similar to 1996. So what does this mean? Well one year after 1996 property values had risen 10% and after five years 65%. Before you go shopping for your new sports car it’s important to point out that although the years are similar they are not identical and Savills said if it happens it would not be a good thing.

UK performs averagely in the Property League

So with all this positivity floating around we could be forgiven for getting excited however a property boom is still yet to start and this is reflected in a international property league table. The  UK is placed at a very average 33rd. Topping the league is the UAE followed by Hong Kong and Taiwan and please spare a thought for poor old Greece who sit bottom of the table at  55th.

Commercial Property not in the shop window.

High Street vacancies remain “stubbornly high”, according to a report from the Local Data Company. Its data for Britain showed that the average vacancy rate in the top 650 centres was 14.1%.

Wales had the highest national vacancy rate, at an average of 17.5%, Scotland hit 14.9% and England 14.0%. Of the large centres, Blackburn had the highest vacancy rate of 26.9% but shoppers in Cambridge will be happy as they recorded the lowest proportion of empty shops at 7%.

Quirky news – Typical first-time buyer revealed

Research has found the the average first-time buyer in July was aged 30, with an annual salary of £36,299.

First-time buyers are also confident that the value of property is set to rise. Almost half  of UK first-time buyers think that house prices will rise by up to 5 per cent in the next year, while a further two in ten believe prices will ris...

This week on Property News Radio estate agents come under the spotlight from the good to the bad to the darn ugly we cover it all. Estate agents aren’t alone though, we take a look at a warning for cheating letting agents and further good news for builders.

This week’s news

Profits up for two more builders

After noting last week that builders are enjoying bigger profits and improved share prices due to the new Help to Buy Scheme two more have announced impressive end of year results. Bovis and Persimmon enjoyed increases of pre-tax profits of 19% and 40% respectively.

Zoopla introducers video listings

It’s amazing that it’s taken this long for a major property listing website to introduce this feature but alas it’s here. Make sure you ask your estate/lettings agent if they intend to use it to market your property.

Estate Agents Insolvencies up 57%

Some 77 went under in the 12 months to June, compared with 49 a year earlier. The report from accountants Wilkins Kennedy suggested the prolonged slump in the UK property market is to blame, despite a recent upturn. However significantly fewer agents went bust in the London area, reflecting the much more buoyant market in the capital.

The Ugly side of Estate Agents

After covering this story a few weeks ago on The Property Podcast it appears there is now proof that certain estate agents are trying to force buyers to use their in house service such a mortgage advice.

Quirky news – Naughty Letting Agents found cheating

The popular letting agent review site All Agents has threatened to put the word ‘Cheat’ on the page of any agent found to be writing reviews about themselves or any other agent.

The website is a great tool for Landlords to research letting agents and it’s great to see the dodgy agents are being punished.

The Property Podcast meetup – Thursday 29th August, Kings Cross, London.

If you would like to join Rob Dix and myself for this free meetup then click the above link to get all the details and reserve your free ticket.

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.

Get the Property Tool Kit

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

Full transcript

Intro Guy: 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 Bence: Welcome to Property News Radio. I’m Rob Bence from RMP Property. I hope you well. Thank you for joining me for another week’s worth of news. This week’s show is entitled Estate Agents: The Good, the Bad and the Ugly.

Let’s have a look at what we have coming up this week. First of all, we’ll have a look at our reviews then we’re going to look at some news concerning estate agents, new ways they can market, tough trading editions and sneaky tactics that they shouldn’t be using.

This week the media has turned their attention to the new Help to Buy Scheme that launches in January 2014. Property News Radio covers all the action leaving you well informed in under 15 minutes.

This week’s news

Help to buy an Introduction

If you’re not up to speed with the Help to Buy scheme this episode of the property podcast will help you along with this basic introduction from the government.

Help to Buy a balanced viewpoint

After reading several articles in the news this week, it’s this article from Philip Aldrick in The Telegraph that stood out as the best. It looks at the both the pros and cons, if you only read one article on Help to Buy from the media this is it.

Help to Buy the good news

The FT reports that the current Help to Buy Scheme which is on new builds only has helped 10,000 first time buyers get on the property ladder since April. This is a great start for the scheme and has certainly helped the market in general and the builders back pockets… Share Prices of Builders rise due to the new Help to Buy Scheme.

Help to Buy the doom and gloom

The FT reports that not everyone is happy with the incoming help to buy scheme. Experts claim that it will create a boom in house prices and instead the government should focus on building new homes and increase the overall supply instead of demand. They are probably right but creating supply is no easy feat and remains unlikely.

Quirky news – Property Hotspots?

The Telegraph produced the best article on the Help to Buy scheme so it comes as a surprise that the worst piece of property journalism this week comes from the same paper. The journalist picks out several ‘hotspots’ that range from a country (Wales) a region (The North East) a county (West Midlands) a City (Cambridge) and towns (Huddersfield & Leighton Buzzard) there is clearly no science to this article and you should base no investment strategy on it. Unfortunately as the property market takes off more of this lazy journalism will appear but don’t worry Property News Radio will cut through the drivel!

The Property Podcast meetup – Thursday 29th August, Kings Cross, London.

If you would like to join Rob Dix and myself for this free meetup then click the above link to get all the details and reserve your free ticket.

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.

Get the Property Tool Kit

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

Full transcript

Welcome to Property News Radio, your weekly dose of property news and information.  Stay informed in just 15 minutes every week.

With major news from the Bank of England this week that could affect the property market for years to come I look at the impact it will have, or may not have as the case may be. There’s lots of encouraging data too from the council of mortgage lenders, can anyone now argue that a recover and price rises are not on the way?

This week’s news

Interest rates get interesting

Big news this week Mark Carney the new governor of the bank of england has taken bold moves.

Bank of England governor Mark Carney has said the Bank will not consider raising interest rates until the jobless rate has fallen to 7% or below.

Mr Carney said he expected this would require the creation of about 750,000 jobs and could take three years.

The UK unemployment rate currently stands at 7.8%.

Knock-outs

There are exceptions to this rule called knock-outs

These so-called ‘knock-outs’ are:

CPI inflation is judged more likely than not to be at or above 2.5% over an 18-month to two-year horizon

inflation looks like it could get out of control in the medium term

the Bank’s Financial Policy Committee judges this stance poses a significant threat to financial stability

Number of First Time Buyers rise by 30% & Buy to Let Mortgages by 19%

The Council of Mortgages Lenders said 68,200 first-timers purchased property in the second quarter (from April to June), the highest quarterly number since the pre-crisis peak of the property market in 2007.

Lower rates lending rates, higher LTV options and government schemes are all having an affect

Buy to let is also up 19% no surprises here at RMP but these are big figures.

More Experts agree that there is a London housing bubble

Henry Pryor comments in the Guardian, you can follow Henry on twitter here

Quirky news – Football clubs indicate a good place to invest?

Research by Halifax shows that houses located closed to Premier League football grounds have increased in value by 135 per cent in the last ten years.

The average house price across the 20 Premier League postal districts has risen by £183,583 since 2003, from £136,300 10 years ago to £319,800 today. That would indicate a weekly rise of £353.

Manchester City has performed the best and Newcastle United the worst.

Property near Manchester City’s Etihad Stadium has seen a 259 per cent increase in house prices in the last ten years..

While property near Newcastle’s St James Park has fallen 11%, it’s not just the team that has struggled!

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.

Get the Property Tool Kit

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

Full transcript

Intro Guy:                           Welcome to Property News Radio, your weekly dose of property news and informati...

After some great feedback and support from listeners for the launch show I bring you  episode two. This week I settle into the normal format of the show and deep dive into the stories that matter.

Thanks again for all the support many of you have given to the new show. As a result Property News Radio (PNR) flew into the top ten of the business charts!

This week’s news

Core topics

Construction on the up

Finally positive news arrives for the construction industry

Savills release lots of interesting data

House Prices to double shocker!

London Investment company predicts London property prices to double

Listener Questions

Matt emailed in after listening to episode one to ask can we trust the press and their property price predictions?

Quirky news

Buy to Let outside of London offers the best value

Telegraph journos listen to PNR

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.

Get the Property Tool Kit

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

Full transcript

Intro Guy:                            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 Bence:                         Welcome to Property News Radio Episode number 2.  Good morning, good afternoon, good evening, good whatever time of day it is where you are.  I hope you’re well and feeling good.  I’m Rob Bence and I’m from RMP Property and I’m bringing you the second episode of Property News Radio.

Okay, so let’s get straight into it this week and look at what’s coming up.

We’re going to have a look at the reviews of the kind people who got behind the show already.  We’re going to have a look at our core topics which includes Constructions on the Up, [0:00:46] release and lots of interesting data, house price to double shocker and a listener question.  And then, we’ll round of with some quirky news which comes from The Telegraph this week.

Before we get into our core topic this week, I’d like to thank everybody who’s got behind the show after only one episode.  Property News Radio after one day went straight into the Business Top 10 which is absolutely phenomenal.  We’ve already had an influx of reviews.  So, thank you very much.  Now, I’m not going to read them all in one episode because we’ll be here forever.  So, what I’m going to do is I’m going to take a chunk each week.

I’d like to thank the following people for getting behind the show.  First of all [0:01:20] says he knows Rob well and I can vouch for that, he does.  And I can vouch for his credibility which is great.  He says, “This is a great podcast.  Episode 1 is fantastic.  The length is spot on.  Great way to catch up with all the relevant UK property news in one shot.  Thanks a million Rob.”

Learn more about Property Investment in less than 15 minutes per week

Hi I’m Rob Bence I would like to offer you a warm welcome to the first Property News Radio. Property News Radio is a brand new weekly podcast to help property investors new and experienced get more informed each week on the UK property market, all in less than 15 minutes.

Each week I will review and comment on the news affecting the UK property market.

This week’s news – Property Price Predictions

I start off by giving an overview of the new show and what listeners can expect.

I also look at the UK Property market and makes some predictions including which areas I feel are overheated and which areas offer value.

Finally I take a look at this article which details the habits of the wealthy

Habits of the wealthy

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 a review on iTunes here.

Get the Property Tool Kit

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

Full transcript

Intro Guy:                            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 Bence:                         Well, hello.  Welcome.  It’s good to have you.  This is Property News Radio Episode 1.  Thank you very much for joining me.  I’m your host, Rob Bence.  You may know me from The Property Podcast.  You may know me from RMP Property.  Or you may have never heard of me.  That doesn’t matter.  That’s okay, too.  Thank you for being a part of this.  You’re more than welcome.

Property News Radio is a news service for property investors to allow you to get the news in 15 minutes or less and be better off for it and a little bit more knowledgeable after you’ve listened to each podcast.

But before I ramble on, let’s have a look at what’s coming up this week.

We’ve got an intro to Property News Radio.  We’re going to look at the main article which is “Property Price Predictions, Moving Forward”.  Got a bit of quirky news for you and I’ll give you a general information about the podcast and what’s going to happen moving forward.

Before we get going, I would normally at this point of the podcast thank our reviewers.  People who have left reviews in the iTunes store.  But since this is the first podcast, cue violin, there is no reviews yet.  This is where I beg.  I’d like to ask you to please get behind this show.  If you already listened to The Property Podcast, you know how phenomenally successful that’s been.  And that’s only down to the kind people who’ve taken time to leave reviews and got behind the show.  I’m asking the same, if you find this useful and you use this service, then please, please, please leave a review because it’ll make a big difference to the show.  So, go iTunes, find the podcast and just click on “leave a review”.  And if you can say some kind words, I’ll be more than grateful.  And I of course will read them out in each episode.  So, I’d love it if you can get behind the show and make a big difference and make this a huge success so more people can find it and benefit from the service it’s going to offer.

That’s the begging pitch over.  Let’s get into it.

First of all, Property News Radio – what is it?