TPP490: August Market Update

Your August Market Update is here!  It's been a busy month, so Rob & Rob have plenty of headlines to get through in the latest market update.  From fast-growing cities and the removal of mortgage stress tests, to people getting the wrong investment advice from TikTok, The Robs are breaking down the biggest news of the month for you right now.  Stay on top of the industry’s breaking news by tuning in now. And all the extra links you’ll need are below.  Property prices  House prices growing at fastest rate since 2004  Growth is fastest in cities  Viewings have fallen by a third  The rental market  Rents have increased by 3% in the last year  Rents are growing fastest in Manchester  More tenants are renewing in London  Mortgages  Stress tests removed  Political pressures  A leading charity wants the rental sector to shrink  Labour’s “war” against holiday lets  All holiday lets to be licensed in Wales  Odds and ends  A third of all transactions fall through, and the ones that succeed take over 5 months   The national “rogue landlord” database is looking sparse  And finally...  Not all property advice given on TikTok is accurate  Let’s get social We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.  Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!   If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.  And if you’d like to find out more information about Portfolio you can do that here.  See omnystudio.com/listener for privacy information.