This week on The Property Podcast The Robs are discussing the importance of knowing what mega trends are currently playing out in the property market.
Yes, it’s important to know the tactics behind becoming a successful investor, how to get the best deal and understanding mortgages. But it’s just as important, if not more important, to understand the mega trends that are taking place. Because if you don’t understand the trends, you could find yourself on the wrong side of very powerful forces.
So today Rob & Rob are going to take you through trends that could happen, so you can put yourself in the strongest position going forward.
Here’s a look at the trends that they’re going to cover:
Reversal of city centre living
UK becoming less London-centric
Death of retail
More holidays in the UK
If these aren’t topics that you’ve thought about already, then you’re going to want to listen to this episode. These particular trends are some that could happen off the back of a crazy start to 2020, so The Robs are taking a look at how they might affect property investment in the future.
In the news this week there’s been more bad news and mixed messages. But we’ve actually got a good news story for the property market; ‘asking prices reach four-year high’ according to Rightmove.
Which seems crazy right now with everything currently going on but since March average asking prices have grown 2.4% bringing the price up to £320,265. It seems like the confidence and optimism has swept across the country with other areas seeing even bigger increases than this.
This week’s Hub isn’t a new resource or a new app, it’s actually something that’s been around for a while but only recently have The Robs become fond of it. The app in question is Google Photos.
If you don’t know what it is, it’s basically storage for your photos that are backed up in a cloud for a minimal fee each month. But there’s two reasons why Rob & Rob are fascinated with this app. The first being that it has a great search function, so if you’ve taken a picture of a book and you can only remember the author’s name, simply type that in and Google Photos should bring up the photo that you’re looking for.
The second is that you can use something called Google Lens within your photos. So like Rob D, he took a picture of some flowers and by using Google Lens, it told him exactly what type of flowers they were! You’ll basically hear how exciting The Robs find this one.
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