Property Market Update And Prediction

With so much uncertainty in the property market right now, Simon is here to share his personal prediction about what could happen over the next twelve months, as well as the action you should be taking in order to protect and reinforce your property investing business. KEY TAKEAWAYS On the 3rd November, the Bank Of England raised their interest rates, the highest percentage seen since 2008. This means that many homeowners on variable mortgages will cost more money. Less disposable income means that many will be spending less on goods and services. This negatively impacts businesses, who may scale back their operations, leading to a shrinking economy. Mortgage lenders have now increased the stress test they use to determine affordability. This affects rental properties and home buyers. This means many single-let properties no longer stack up as deals. Putting off buying because you want to see if rices will get better, is a little too risky. If you can find a property now and the numbers stack up, don't wait! BEST MOMENTS 'The average person is going to have less money in their pocket' 'More and more properties are coming back to the market. Maybe there might be an oversupply' 'I believe we could see the start of the next property crash' 'This is great news for you, me and anybody who is looking to buy more property' VALUABLE RESOURCES Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi Find out about the Global PIN Meetings at www.globalpinmeeting.com To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). iphone:  http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2 Register at Mindset For Property at - www.mindsetforproperty.co.uk  ABOUT THE HOST Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals. CONTACT METHOD Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi  LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/