In this episode, Mark discusses the current state of the UK economy and the property market. He gives his opinions on interest rates, stock picks and the current situation regarding the "Property Bubble" as well as some predictions on what we can expect as the world recovers from the covid pandemic. 

 

KEY TAKEAWAYS

• 18 months on from the pandemic, the outlook is generally more positive. Banks are lending again, house prices are good and inflation is starting to pick up.
  
  

• Both the bank of England and the Federal Reserve believe that interest rates are going to stay low for an extended period of time.
  
  

Lots of opportunists around the world will ramp up production so towards the end of the year shortages will be less of a problem, especially in regards to building materials. Availability will shoot up and prices will start to go down.

It is hard to hire for almost all types of jobs at the moment.

People are averaging just 4 contacts per day (with people) when it used to be 10 pre-pandemic. Things have not returned to normal in this respect, the wider impact of this on businesses is huge.

UK Residential property is growing strongly. It is predicted that this will continue throughout 2021.

 

BEST MOMENTS

"Interest rates are likely to remain low for an extended period”

“Working from home is an aberration and something that needs to be corrected asap”

“Tech has done really, really well”

 

VALUABLE RESOURCES

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

 

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

 

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

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