Welcome to Harveys’ April Property Market Update. Despite all the odds being stacked against property developers, the market is still seeing plenty of growth. Harvey gives you a roundup of all the indicators so you can make more informed decisions.

KEY TAKEAWAYS

• Make sure you are in the market long enough to beat the market. Regardless if the market goes up, regardless if the market goes down, what you should do is sit tight and stop trying to time the market.
• Rightmove is a good source of data. They state that the average price of properties presented to the market has risen by 1.7%. 
• This sort of data means you have access to instant data pertaining to the performance of different areas of the country, so don’t feel that you just have to invest only in the area where you live.
• Supply is still failing to meet demand, causing high prices. The uncertainty of recession still stands, however. A Zoopla article warns that as supply increases the house price rise does show signs of slowing. 
• Nationwide use solid statistics in their analysis. They claim annual house price growth has risen to 14.3% from 12.6% with Wales being the best performing region.
• In Estate Agent Today an article states that the Ukraine war will put the brakes on the runaway housing market despite the latest Halifax house price index showing an 8% annual rise.

BEST MOMENTS

‘Don’t get wiped out like in the ’08 crash where loads of people in the property market got wiped out who over-leveraged, for a number of reasons. So make sure you stick to the end.’

‘People that think they have to invest locally are very much like people who think that they only use a telephone box to make phone calls.’

‘The headlines are a slight bit different to some of the other ones. You’ve always got to try and get as much data as possible.’

‘The facts are the facts. The prices have gotten so high, the returns are so low and it's so hard for homebuyers and investors alike to be able to find their footing into that market.’

 ‘The leading housing price analyst has warned that the brakes are being applied now thanks to the Ukraine crisis.’  

EPISODE RESOURCES

Articles:

Right move – https://www.rightmove.co.uk/news/house-price-index/

Zoopla - https://www.zoopla.co.uk/discover/property- news/house-price-index-january-2022/

Nationwide - https://www.nationwidehousepriceindex.co.uk/reports/uk- house-price-growth-surges-to-its-highest-level-since-2004

Forbes - https://www.forbes.com/uk/advisor/personal- finance/2022/03/31/house-prices-updates/

This Is Money - https://www.thisismoney.co.uk/money/mortgageshome/article- 10570149/Can-house-prices-rising-rates-rise- inflation-bites.html

Estate Agent Today – https://www.estateagenttoday.co.uk/breaking- news/2022/3/ukraine-crisis-will-put-brakes-on- runaway-housing-market-warns-analyst

How to Reduce Landlord Taxes 2019-20 https://www.amazon.co.uk/dp/1999640543/ref=cm_sw_r_cp_api_fabc_79R9ZHHR1A65RYM5YR4J

The Richest Man In Babylon: The Success Secrets of the Ancients--The Most Inspiring Book on Wealth Ever Written https://www.amazon.co.uk/dp/0451205367/ref=cm_sw_r_cp_api_fabc_MFM0MP7WF7AWGWYX5051

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! https://www.amazon.co.uk/dp/1612680178/ref=cm_sw_r_cp_api_fabc_1MY8PQJN7R1NSN167V6P

VALUABLE RESOURCES

💻| Join us in our remote property investing Community on Facebook

📚| Live free training & Q&A every Sunday in the Community. 

ABOUT THE HOST

Harvey is the founder of Growth Properties Group, a small group of companies that help people live on their terms through property.

With education, portfolio building, and property management. 

He built his property portfolio and businesses in the Northeast of England, whilst living in the south, allowing him to spend time with his family and travel regularly. 

Having built up the systems and team to run from his phone and largely on autopilot, he's now focused on helping others excel on their property journeys and build a remote investment lifestyle for themselves through group and 1:1 coaching programs. 

His signature program, which runs 4 times per year, is the 6 Stage Remote Buy Refurb Refinance (RBRR) Blueprint.

I help people to live on their terms through property & Coaching and portfolio building. 

I’ve spent the last 7 years working out how to run my property business virtually from my phone. 

Using tech to run my business while I’ve been travelling. 

DM me at the clubhouse if you need help with this. 

CONTACT METHOD

👓| Find me on Facebook 

👓| Find me on Instagram

👓| Find me on YouTube 


👓| Find me on TikTok

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