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HOUSE CRASH IS HERE! The average house price drops £5000! – Progressive Property Podcast

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According to Forbes, house prices have declined at the fastest rate since 2009! In this episode, Toni looks through the housing price index (HPI) and identifies ways this may impact a property investor including the threats it poses as well as the many opportunities to be found.

KEY TAKEAWAYS 

  • What will be a struggle and threat to some property investors or homeowners could present an opportunity for the right property investment strategy.
  • Sometimes it can be better to pay a slightly higher interest rate rather than fixed rates as the stress test is lower.
  • Lenders still need people to borrow money, you will see this demonstrated in different deals.
  • We are at the end of a cycle and moving into another, this is the perfect time to buy. Prices are dropping now but prices will start to increase.
  • When you put the right tenants in your properties and have done the right affordability calculations and stress tests, you will always be in a good position as a landlord.

BEST MOMENTS  

“This is all indicating that there are opportunities”

“There is a clear north-south divide in prices”

“The stress tests were actually below the mortgage rate”

“While rents are increasing you’re going to get a fabulous cash flow”

VALUABLE RESOURCES

Looking for more? Download Mark Homer’s FREE 42 Tips Guide →

https://bit.ly/mhreport-yt

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

TikTok: https://www.tiktok.com/@progressiveproperty

YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g

Twitter: https://twitter.com/progperty

LinkedIn: https://www.linkedin.com/company/progressiveproperty

Instagram: https://www.instagram.com/progressiveproperty/

Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity

Facebook Page: https://www.facebook.com/Progperty



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 For anyone looking to expand their real estate horizons beyond borders, this podcast offers a treasure trove of insights from top agents around the globe. Whether you’re looking to showcase your expertise as a real estate professional or uncover the next great investment opportunity as a buyer, Global Real Estate Insider provides the expert advice and market analysis you need to make informed decisions in the global real estate arena.

International real estate platform that connects foreign buyers and investors with international property

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