TPP473: April Market Update

Portfolio Info  If you’d like to find out more about what Portfolio is and how it works, you can do that right here.  And if you’re just looking for more sneak peeks or you just love a bit of #propertyporn, we’ve got the perfect Instagram account for you.  You can follow @PortfolioInvestors here.  It’s the April Market Update  It’s our favourite time of the month!  Rob & Rob are bringing you the April Market Update and wow what a busy month it’s been! With the Spring Statement, interest rate rises, huge inflation levels and much more - the guys have got their work cut-out...  They’ll even be revealing the one piece of HUGE news that no-one is talking about, which is bonkers because it has the potential to completely change the UK property market!  You can find all the links you need and get stuck in below:  Policy  Spring Statement: Key points at a glance  Consultation on proposal to withdraw Financial Policy Committee’s mortgage affordability test published  Interest Rate  Interest rates rise again to counter higher prices  Property industry reacts to latest Bank of England interest rate hike  Market  UK House Price Index - Zoopla  Proportion of new homes sold off-plan rises: Hamptons  Rental Market  London exodus reverses as rental demand climbs in Q1  Massive London rent rise takes UK average growth over 10%  Private rents rise at fastest annual rate in more than five years  More properties are being bought by landlords, so why aren’t there more rentals?  Cladding Crisis  Housebuilders and Gove close to deal on cladding repairs  MPs admit it’s unfair for landlords to pay for cladding removal  Landlords / Register  Plans revealed to speed up possessions for landlords – FOUR years after consultation  Vast majority of tenants satisfied with renting  Hub Extra   We’ve got a complete game changer for you this week...  As we know time is a precious resource and the more time you can spend learning and working on your portfolio the better.  And Rob & Rob have been saving some more previous time, by investing in a robot hoover!  There’s no need to worry about messy floors, just let the hoover work it’s magic in the background! You save time and get a clean house – winner, winner.  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.  See omnystudio.com/listener for privacy information.