Is The Housing Market Crashing?
Mark reflects and gives his thoughts on a selection of news articles in this episode including focusing on the row between Nigel Farage and Alison Rose, wage growth and inflation. Mark also talks about the current housing crisis and what he thinks will happen in the medium and long term. KEY TAKEAWAYS Alison Rose gave private information about Nigel’s banking details to a BBC journalist, Nigel has won against her in court. Next year it is predicted house prices will continue to fall by around 4% Most indicators are showing the base rate of interest will go back down to 1.7% by 2027 This year has seen the biggest price reduction in November since 2017 Growth comes from entrepreneurs and businesses, this is what the government needs to focus on to promote growth. BEST MOMENTS "Anybody that decides to go up against Nigel Farage is usually pretty foolish” “Savills is declaring the UK housing market is past peak pain” 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: Markhomer@progressiveproperty.co.uk LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive‘Brought to you by Progressive Media’: https://progressivemedia.uk/