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Welcome back & what's been happening in the property market?
Manage episode 375143881 series 3438524
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Paul & Megan are back for season two of the ESPC Property Show. To ease you into the season, they are recording solo to update you on all the property market news you may have missed during the podcast's summer hiatus.
After 14 consecutive interest rate rises from the Bank of England, Paul gives an update on how this is affecting the market and how the property market is performing in and around Edinburgh including average selling prices and median time to sell. Paul also discusses the differences between the 2008 market and today's property landscape, as well as the prospect of a house price crash.
The two also discuss the current rental market in Edinburgh - the demand, the increasing rental costs and why the rent cap doesn't seem to be working. As well as some options for tenants looking to buy for the first time.
Megan and Paul also touch on the outlook for those first time buyers looking to make their first purchase in the near future.
To wrap up the episode, they duo discuss what they have lined up for the rest of the season.
Watch the full episode on YouTube here
Read the episode transcription here
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