This week we’ve got another great round up of the current property news stories, and are joined once again by Andy Ridley. We’re looking at house prices, the mortgage market review, and pension reforms. As always, we have a great quirky news piece!
This week’s news
Homeowners raising average asking price in London by 7% a month

This is an interesting article from the Guardian based on recent market research which shows that London vendors are increasing their asking prices by 7% a month. Another sign of just how crazy the London market is.

Need a mortgage? New rules mean you'll have to ditch all those little extras

This article looks at the mortgage market review and how the rules that come in to force at the end of April will further scrutinize purchasers personal spending in an aim to stop the credit crunch happening again.

PwC predicts sales of annuities will collapse by 75%

This article is well worth a read and looks at pension reforms and a recent survey from the PwC.

Garage is most expensive in Britain

Our quirky news piece this week comes from The Telegraph Online and talks about the most expensive garage ever to sell in the UK. This former coach house exceeded the average London house price by almost £150,000. Crazy?
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Full transcript

Welcome to Property News Radio, your weekly dose of property news and information. Stay informed in just fifteen minutes every week. Here’s your host, Rob Bence from RMP Property!

Rob Bence:         Hello and welcome to Property News Radio.  I’m Rob Bence from RMP Property and the Property Hub.  I hope you’re very, very well.  Thank you for joining us for another Property news.  Again, I’m joined by another guest.  This person has been with us before.  But before I introduce him, let’s take a look at what’s coming up this week.

First of all, we’re going to have a look at some reviews because you’re kind enough to leave us a few so thank you very much.  Then we’re going to jump into the news stories.  An interesting piece from Right Move and some interesting, Young research pieces there.  Then, we’re going to cover the mortgage market review and the impact it could have to property investors or not.  And then, pension reforms.  We’ve covered it a few weeks ago.  The Property Hub has a new episode coming up tomorrow on this very subject.  There’s a bit more news there as well.  And then finally, we couldn’t have Property News Radio without our quirky news piece.

As you know now as you’ve been listening for the past few weeks we’ve changed the format and this week I welcome back Andy Ridley.  Hello Andy, how’s it going?

Andy:                    I’m well.  Thank you, Rob.  How are you?

Rob:                       I’m good.  You weren’t frightened off the first time then?

Andy:                    No, no.  Back for another go.

Rob:                       Or is it because you’re paid to do this?

Andy:                    Pretty much because I’m paid to do it.

Rob:                       Okay.  So, not being paid to do this are the people leaving us the reviews.  So let’s have a look at what they’ve said.

First up Harry says, “Cracking news update.  As somebody who loves property but works 60 hours a day at my day job, it’s wonderful to have a resource to be able to catch up on the news while I’m in the car.  I highly recommend his other podcast, The Property Podcast as well.  Keep up the good work Rob.