Podcast Summary
Henry Prior predicts a 2% fall in property prices for 2020: Experts predict a modest price rise for property in 2020, but uncertainty remains as one expert's inaccurate past predictions demonstrate.
While many property experts predict a 2% rise in property prices for 2020, there is an exception with Henry Prior predicting a 2% fall. However, it's important to note that Henry's past predictions have been inaccurate, with him underestimating the growth in property prices in previous years. The Property Podcast hosts, Rob B and Rob D, also make their own predictions and will share their results at the end of the year. While there is consensus among experts for a modest price rise, the potential for errors in predictions highlights the unpredictability of the property market. Listeners are encouraged to stay informed and make their own informed decisions.
Predictions for Top Performing Cities in England: Leeds and Liverpool are predicted to be top performers for price growth in England, with Liverpool's affordability and Leeds' continued growth being key factors. Some experts suggest Nottingham, Leicester, and Bristol could also perform well.
The Property Hub community, despite anticipating a challenging year, is moving forward with their predictions for the top performing cities in England for price growth. Rob and Paul both agree on Leeds and Liverpool making the top three, with Liverpool's affordability and Leeds' continued growth being key factors. Paul attempted to make a top five list, including Nottingham, Leicester, and an unexpected choice in Bristol, but expressed uncertainty about his picks. Rob countered Paul's list with his own, also a top five, but more cautious in nature. Overall, the community's predictions are based on city reports from Hometrack and their own analysis, with a sense of excitement and potential for being proven right or wrong.
Real Estate Market Predictions for 2020: Uncertainty and Risks: Speakers predict growth of 1-3% for UK, 2-4% for London real estate markets in 2020, but acknowledge uncertainty and risks involved. External factors like oil prices and geopolitical tensions could impact local property markets.
The speakers have made predictions about the real estate market in specific cities and the UK as a whole for the year 2020. While one speaker believes that Bristol will be in the bottom 5 and Aberdeen will be in the top 5, the other is more cautious and predicts a growth of 1-3% for the UK as a whole and 2-4% for London. However, both acknowledge that their predictions could be wrong, and the discussion highlights the uncertainty and risks involved in real estate market predictions. The conversation also touches upon the impact of external factors like oil prices and geopolitical tensions on local property markets. Overall, the speakers emphasize the importance of considering various factors and being aware of potential risks when making real estate market predictions.
Predictions for UK Inflation and London Real Estate Market: The speaker predicts a modest UK inflation rate below 2.5% and a similar trend for London's real estate market. He expects base rates to remain at or below 0.75% and anticipates a significant budget announcement impacting the property market.
The speaker is predicting a modest inflation rate for the UK, potentially below 2.5%, and a similar trend for London's real estate market. He is less confident about this prediction for London being the best performing region, but hopes for a boost in prime London prices due to economic certainty. Regarding base rates, the speaker expects them to remain at or below 0.75% throughout the year. A significant announcement impacting the property market is predicted in the upcoming budget, with the possibility of a radical overhaul or new introduction. The speaker believes this budget will be a major one for the new government, who have a large majority and the ability to implement unpopular but necessary changes.
Predicted Stock Market Correction or Crash: An economist predicts a stock market correction or crash within the next 18 months, starting in America and followed by the UK, possibly delayed by the US election.
The speaker, who is not an expert in the stock market but has a good understanding of economics, predicts a stock market correction or crash within the next 18 months, starting in America, with the UK following. He believes this is overdue and expected, but the US election may delay the correction until after November 2020. The speaker previously supported Donald Trump in the 2016 election and is unsure of his stance for the upcoming election. The discussion also clarified that a stock market correction refers to a fall of at least 10%, while a crash is 20% or more.
Failure as a learning opportunity: Embrace failure as a chance to learn and grow, reflect on past experiences, and move forward with renewed intelligence.
Failure is an opportunity for growth and learning. The discussion touched upon various predictions, ranging from politics and football to economics, but the speakers acknowledged that they are likely to be wrong about some of them. Instead of dwelling on potential mistakes, they emphasized the importance of learning from them. Henry Ford once said, "Failure is the opportunity to begin again more intelligently." This quote was shared as a reminder to reflect on past achievements and mistakes, learn from them, and move forward with renewed intelligence. Whether it's in personal life or professional endeavors, embracing the idea of failure as a learning opportunity can lead to growth and improvement.
Reflect on past mistakes and learn from them: Reflecting on past mistakes and turning them into learning opportunities can lead to growth and improvement, making even the most challenging experiences worthwhile.
Failures and mistakes are valuable learning experiences that can lead to growth and improvement in the future. It's important to reflect on these experiences and use them as opportunities to learn and better ourselves. With success, it can be easy to become complacent and less aware, potentially leading to bigger failures down the line. By turning our mistakes into lessons and education opportunities, we can set ourselves up for success in the new decade and beyond. Remember, you will make mistakes in this decade as well, but with the right mindset, you can learn from them and use them to your advantage. So take some time to reflect on your past experiences and ask yourself, "How can I learn from this and make things better in the future?" This approach can help make even the most challenging mistakes worthwhile.
