Mark's 2024 Property Predictions
In this episode, Mark outlines his predictions for property for 2024. He discusses the implications of the market in 2023, what he thinks will happen to house prices and rent rises as well as the multiple reasons more and more landlords are choosing to sell up!KEY TAKEAWAYS For the end of 2024, Mark thinks house price falls will moderate and stabilise Mark believes rent prices will continue to rise throughout 2024 There is less supply of rental properties and this is continuing along with population increases. Section 21 is mostly used by landlords when tenants have run up arrears. There is going to be a consultation taking place to split houses into two apartments which could be positive for developers. The government have confirmed that landlords won’t have to meet EPC rating of c in all properties by 2025. Which makes many properties more viable to property investors. BEST MOMENTS "I think rent rises will continue through 2024” “From 2016 to now we have seen an almost double of rent [prices] in this area” “Lots of landlords are leaving the sector because they can see the section 21 being repealed” VALUABLE RESOURCES https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/ ABOUT THE HOST Mark has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/