Property Prices are on the UP

In this episode, David looks at the market currently and delves deeper into content from Zoopla and the Daily Telegraph about what’s happening right now in the property market and what it means moving forward. Levels of sales in the prime central areas have recovered and the ripple effect will impact across the country and affect all areas as more money is spent across the economy. If you are involved in property and a deal packager then this is an episode you need to catch up with.   KEY TAKEAWAYS The mortgage lending in April jumped to a record high and this was driven by purchases in London Deals in Kensington and Chelsea jumped by 80% in the two weeks after the April 12 restrictions were lifted 8 billion was borrowed for residential mortgages in March as people race to take advantage of the stamp duty holiday What has happened in the last few weeks beats the hot property market in 2006 and its price rises At the beginning of the year the further you went from London the hotter the property market but this has now changed with the return of demand for property in London Banks have now  begun to instruct workers to return to the workplace and London is on the up A record number of first-time buyers have paid over a million pounds for their first property. It’s good news for everyone because it means all properties are increasing   BEST MOMENTS ‘The ripple effect means more money spent across the economy’ ‘If you are packaging in London then this is great news’   VALUABLE RESOURCES  Property Sourcing Profits Podcast https://www.progressiveproperty.co.uk/ https://unlimited-success.co.uk/ https://www.facebook.com/groups/progressivepropertycommunity/ Property Investors podcast   ABOUT THE HOST David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004. In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained. The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.   CONTACT METHOD https://www.linkedin.com/in/david-siegler-7b126316/ https://www.facebook.com/DavidSieglerInvestments/