What's really happening to property prices? Interest rates at 15 year high, soaring inflation, labour shortages and cost of living crisis, join our discussion #135

Heath, Wealth & Wisdom with Nicole Bremner

EP135: As interest rates soar, inflation rises, and labour shortages continue, homeowners are left wondering what the future holds. Property consultant, Eyeedul Haque, reveals the data behind the headlines about the state of the housing market and the impending mortgage payment increases.

"What has actually happened is the rate of growth has slowed but it's nowhere near the Knight Frank’s and the Savill’s with their very negative forecasts; that's a huge positive."
In this episode, we:

· Delve into the complexities of the housing market and who is actually impacted by mortgage rate increases.
· Discuss the climb in interest rates and impact on inflation.
· Dissect the mismatch between market data and realistic pricing, its significance, and repercussions.
· Predict future investment opportunities and the course of house prices and rents.
The key moments in this episode are:
00:00:00 - Impact of Mortgage Rate Increase
00:02:34 - Effectiveness of Monetary Policy
00:05:09 - Labour Shortage and Inflation
00:07:43 - Future Interest Rate Increases
00:16:11 - The Housing Market and Lenders' Urgency
00:17:27 - Discrepancy Between Rightmove and ONS Data
00:19:27 - Realistic Asking Prices and Commercial Market
00:22:06 - Market Stability and Opportunities
00:25:04 - Landlords and Long-Term Investments
My special guest is Eyeedul Haque, a seasoned expert on housing economics and an insightful commentator on the trends shaping the current housing market. As an experienced property consultant, he has a steady finger on the pulse of market fluctuations and how they impact homeowners, particularly in relation to mortgage payments. His approach is rooted in real-time data analysis and clear, understandable insights, making him a trusted voice on promptly evolving economic scenarios. He applies this passion in guiding property buyers through the intricacies of market trends and property management.
The resources mentioned in this episode are:

· Consult with a reputable mortgage broker or lender to explore the best rates available for your fixed rate mortgage. Take advantage of the competitive mortgage market and book a rate before your fixed rate period ends.

· If you have a property portfolio or are a buy-to-let investor, explore the best mortgage rates for landlords. The best available rates for two-year fixed-rate buy-to-let mortgages are currently 4.7%, the best five-year fixed-rate is 5.35%, and the best tracker rate is 4.54%.

· Review your budget and consider ways to mitigate the impact of mortgage rate rises. Look for areas where you can reduce expenses or increase income to offset any increase in mortgage payments.

· Stay informed about the housing market.

Join us live every month as Eyeedul Haque of My Property Consultant and I crunch the data behind the UK house price headlines.

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Disclaimer: The views and opinions expressed in this podcast belong solely to the host and guest speakers. The view and opinions of the guest speakers do not represent that of the host. Always do your own research.

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Disclaimer: The views and opinions expressed in this podcast belong solely to the host and guest speakers. The view and opinions of the guest speakers do not represent that of the host. Always do your own research.