6 MASSIVE 2024 Predictions - with Marc Champ

The Property Nomads Podcast

Rob is joined by Marc Champ of Wharf Financial, to discuss their predictions for the year 2024. They start by highlighting the positive signs in the property market, such as reduced interest rates and increased activity. They also mention the expectation of a decrease in the base rate and the potential impact of political events on the economy.

They then go through a series of predictions, including inflation rates, the Bank of England base rate, the Prime Minister, average house prices, the US President, and the winner of Euro 2024...

KEY TAKEAWAYS

• The property market in 2024 is showing positive signs, with lenders reducing rates and increased activity in new buyers and sellers.
• There is an expectation that the base rate will come down, with predictions suggesting it will start decreasing in May and settle around 3% by May 2025.
• Commercial property conversions are becoming more attractive due to increased fixed charge receiverships, presenting opportunities for investors.
• Inflation predictions are divided, with some expecting it to decrease slightly and others anticipating a secondary bout of inflation that could be worse.
• The majority of predictions suggest that the average UK house price will increase by the end of 2024, following the historical trend of year-on-year growth.

BEST MOMENTS

"We've seen a lot of activity in new people coming to the market and thinking it's the right time and other people finally getting off the hands that they've been sitting on for so long."

"I think there's definitely opportunities. There's ways..."

"I think people are ready for change. So most people say Keir Starmer as well."

"I think it'll be Keir Starmer. I think anything less than a Labour majority and then it would be not criminal, but it would be something's gone wrong in this country."

VALUABLE RESOURCES

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ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS

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Buy To Let: How To Get Started = https://amzn.to/3genjle

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uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast