Monday, July 31, 2023
Monday briefing: Deadly strike in Ukraine; Carlos De Oliveira; rent prices; how to watch U.S. vs. Portugal; and more
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rent prices
Explore "rent prices" with insightful episodes like "Monday, July 31, 2023", "Will the Government keep its state pension triple lock promise this time?", "TPP490: August Market Update", "Is House-Hacking Still Lucrative in 2022's Housing Market?" and "Madness, madness, they call it (housing) madness" from podcasts like ""The 7", "This is Money Podcast", "The Property Podcast", "The Money with Katie Show" and "This is Money Podcast"" and more!
Episodes (5)
Will the Government keep its state pension triple lock promise this time?
Inflation is soaring and if predictions are correct, it would result in the Consumer Prices Index measure hitting 13 per cent this autumn.
That could result in a state pension rise of around £1,000 a year to £10,900 while even at the current level of 10.1 per cent it would be upped to £10,600.
However, last year, the triple lock was scrapped. Would a new Prime Minister dare do the same this time around? Lee Boyce, Tanya Jefferies and Georgie Frost discuss.
Inflation is hitting those with pensions in different ways, we explain how and Tanya unearths yet more errors at the DWP.
She explains why – if you, or someone you know, was refused a state pension or given an unexpectedly low award when you turned 66 – it could be worth challenging.
Data also suggests that some workers are opting out of private pensions or reducing contributions thanks to the rise in the cost-of-living. Is that a wise decision?
Outside of pensions, we had calculations this week that inflation predictions are undercooked and could actually peak at 18.6 per cent early next year, with base rate having to reach 7 per cent to stop it.
It comes as the energy price cap is now forecast to reach £5,500 in April 2023.
And finally… the number of homes available to rent has halved in two years pushing prices through the roof.
According to research, tenants are effectively losing a bedroom if they spend the same amount of money today on a property compared to two years ago. What next for the rental market?
TPP490: August Market Update
Your August Market Update is here!
It's been a busy month, so Rob & Rob have plenty of headlines to get through in the latest market update.
From fast-growing cities and the removal of mortgage stress tests, to people getting the wrong investment advice from TikTok, The Robs are breaking down the biggest news of the month for you right now.
Stay on top of the industry’s breaking news by tuning in now. And all the extra links you’ll need are below.
Property prices
House prices growing at fastest rate since 2004
Viewings have fallen by a third
The rental market
Rents have increased by 3% in the last year
Rents are growing fastest in Manchester
More tenants are renewing in London
Mortgages
Political pressures
A leading charity wants the rental sector to shrink
Labour’s “war” against holiday lets
All holiday lets to be licensed in Wales
Odds and ends
A third of all transactions fall through, and the ones that succeed take over 5 months
The national “rogue landlord” database is looking sparse
And finally...
Not all property advice given on TikTok is accurate
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Is House-Hacking Still Lucrative in 2022's Housing Market?
Ever seen folks on the internet talk about house hacking? It's – admittedly – a magical concept if you can pull it off, and basically involves living for free by buying a place and then having your tenant foot the bill. As someone who loves free shit, I was IN.
Except... the cost of homes has skyrocketed, and the price of rent (in a lot of places) hasn't risen as much. What does that mean for those trying to get in now?
Big thanks to Mallory (@fuelingfinancialfreedom on Instagram) for being my #RichGirl interviewee for today's episode.
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Madness, madness, they call it (housing) madness
The property market is broken.
Years of cheap money have allowed lenders to lend more and more to people earning less and less and we’re at crisis point.
The politics of trying to boost the housing market to win votes has left us on the brink of potential disaster.
Rents are likely to soar too, removing even that alternative to having a roof over our heads, and while all the economic focus rests on London there’s little incentive to move to Stoke-on-Trent.
It was with this mess in mind that we’d been looking forward to the latest Government white paper that promised to outline plans for the ultimate rescue package for housing.
It might as well have been 104 blank pages for all the piffle it contained. There is no plan. They don’t know what to do.
The question is, can Simon Lambert, Rachel Rickard Straus and Georgie Frost come up with any better ideas?
Also on the show…
Could another idiotic car scrappage deal be on the cards? This time for our once eco-friendly diesels.
Our failed energy regulator is allowing the big suppliers to get away with the heating equivalent of murder as nPower claims its seventh most disgraceful company of year award in a row.
Aldi opens its door to This is Money as its assault on the Home Counties continues with old-school Tesco-like zeal. Where will it end?
Car wars – there’s some prices in the showrooms definitely worth a look
And Rachel reveals the best school trip stories you’re ever likely to hear.
Enjoy