ASK337: Will a recession affect property prices? PLUS: What do you need to know about Making Tax Digital?

It’s Tuesday and that means Rob & Rob are back answering your questions!  First up is Ash. She’s a huge fan of the podcast and especially looks forward to the Market Updates. So, it’s no surprise that she’s noticed the economic warnings that a recession is likely in the UK this year.   Indeed, just yesterday leading economist Dr Gerard Lyons told the BBC: “A recession is likely in the UK and, I think, a recession is likely across Western Europe.” Which is pretty direct, especially for an economist.  So, Ash wants to know, what will a recession mean for property prices? Is now a bad time to buy if there is going to be a downturn? A great question, and one Rob D is especially well placed to answer, having just finished a book on how money actually works.  Next up is Pete, who controversially doesn’t have a question, but instead has opted to issue a warning! We’ll let Pete off this rebellious change to our format because he has an important warning about new tax rules that will affect almost all landlords.  Even though it’s not strictly a question, Rob & Rob still have some helpful advice on how to prepare for the tax changes so that you’re not caught out.  Tune in to find out.  Do you have a buy-to-let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).   Or if you prefer, click here to leave a recording via your computer instead.  The next question on Ask Rob & Rob could be yours.   Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So, get yourself over and introduce yourself.  And if you’d like to find out more information about Portfolio you can do that here.  See omnystudio.com/listener for privacy information.