The Property Nomads Podcast

• New UK infrastructure projects + why this benefits housing

  Rob discusses recent announcements made by Chancellor Rachel Reeves regarding significant government investments in infrastructure across the UK. The episode highlights key projects such as the expansion of Heathrow Airport, the development of Europe's Silicon Valley between Oxford and Cambridge, and the redevelopment of Old Trafford, home of Manchester United. Rob talks about how these infrastructure improvements can positively impact the housing market, suggesting that property investors should pay close attention to these developments. KEY TAKEAWAYS The UK government has announced significant investments in infrastructure, including the expansion of Heathrow Airport and improvements to various rail and road links, which are expected to positively impact the housing market. The development of East West Rail between Oxford and Cambridge is projected to add £78 billion to the UK economy over the next decade, highlighting the importance of transportation links in driving economic growth and housing demand. Potential changes to the planning and infrastructure bill could simplify the process for obtaining planning permissions, facilitating more development projects and potentially increasing housing supply. Major infrastructure projects, such as the redevelopment of Old Trafford and the lower Thames crossing, could lead to increased housing demand and property values in surrounding areas, making them important considerations for property investors. BEST MOMENTS "The biggest announcement was the Heathrow expansion... To have a third runway at Heathrow would be very, very suitable." "If you are looking to buy or you're looking for long-term growth, buying in and around these areas with major infrastructure projects might be quite beneficial." "The government are looking at making some changes to the planning and infrastructure bill... that might make planning permissions a lot easier." "If there is a new road tunnel going between Tilbury and Gravesend, have a look at the surrounding areas and the potential impact that that could have." "When we're looking at infrastructure projects around the UK, it's important to bear in mind what's going on, because that can have a massive impact on your investment decisions." VALUABLE RESOURCES https://www.bbc.com/news/articles/czxknwyxk09o GET YOUR PROPERTY DEVELOPMENT FINANCE HERE: https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration SOCIAL MEDIA/CONTACT US https://linktr.ee/thepropertynomadspodcast BOOKS Property FAQs = https://amzn.to/3MWfcL4 Buy To Let: How To Get Started = https://amzn.to/3genjle 101 Top Property Tips = https://amzn.to/2NxuAQL 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

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  9:23
• 72.5m population by 2032 + criminal council tax hikes

  Rob discusses two significant topics affecting the UK: projected net migration and its impact on the population, as well as alarming council tax hikes across various regions. The Office for National Statistics forecasts that the UK population will rise to 72.5 million by 2032, primarily driven by net migration, which could lead to increased demand for housing. Rob encourages listeners to consider investing in property, emphasising that a growing population will necessitate more housing. KEY TAKEAWAYS The UK population is expected to rise to 72.5 million by 2032, marking a 7.3% increase over the decade, primarily driven by net migration. An increasing population will likely lead to a higher demand for housing, which presents opportunities for those looking to invest in property despite prevailing negative sentiments about the housing market. Council Tax Hikes: Significant council tax increases are planned in various regions, with some councils proposing hikes as high as 25%, which could affect nearly 4 million residents. Financial Mismanagement: Many local councils, particularly in the South, are facing financial difficulties, with some declaring bankruptcy due to mismanagement of public funds, leading to increased tax burdens on constituents. Call for Efficiency: There is a need for local councils to streamline operations and reduce workforce sizes to improve efficiency, drawing parallels to successful practices in the private sector, such as those implemented by Elon Musk at X. BEST MOMENTS "Net migration is to push the UK population up to 72.5 million, a projected population growth of 7.3% between 2022 and 2032." "If the population is set to increase sustainably, then from a housing point of view, that could be quite beneficial." "Council tax hikes are going to be taking place from April, and it seems that councils are really taking the piss." "We've been taken for a ride in the UK, and it's really not good. It's not healthy by any stretch of the imagination." VALUABLE RESOURCES GET YOUR PROPERTY DEVELOPMENT FINANCE HERE: https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration SOCIAL MEDIA/CONTACT US https://linktr.ee/thepropertynomadspodcast BOOKS Property FAQs = https://amzn.to/3MWfcL4 Buy To Let: How To Get Started = https://amzn.to/3genjle 101 Top Property Tips = https://amzn.to/2NxuAQL 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

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  8:25
• This is why 1.5m homes WILL NOT get built by 2029

  Rob looks into the ambitious target set by the current Labour government to build 1.5 million homes by 2029, highlighting the significant challenges posed by a shortage of skilled labor in the construction industry. He covers the various trades needed for housing projects, the impact of Brexit on the workforce, and the government's acknowledgment of a "dire shortage" of construction workers. KEY TAKEAWAYS The UK is facing a significant shortage of skilled construction workers, including bricklayers, plumbers, and electricians, which poses a challenge to the government's target of building 1.5 million homes by 2029. The lack of skilled labor has been attributed in part to Brexit, which has affected the availability of workers from abroad, further complicating the situation in the construction industry. Addressing the skills shortage and meeting housing targets requires a long-term strategy, including incentives for trades and support for small businesses, rather than quick fixes. The imbalance between housing supply and demand is likely to lead to rising property prices, which could benefit current property owners and investors but does not resolve the underlying issues in the housing market. There is a need for a national housing strategy that encourages more people to enter trades and supports small businesses, emphasising the importance of tax incentives and a coherent approach to infrastructure development. BEST MOMENTS "The UK doesn't have enough builders for Labour's 1.5 million homes." "We have a lack of skilled people in the country at the moment... and of course, they blamed Brexit as well." "If the government want to build 1.5 million homes by 2029, it's very unlikely that's going to happen." "We need more people in the trades. We need the country to be better at promoting and helping small businesses." "What needs to happen are more tax incentives for people to get into becoming tradespeople in the first place." VALUABLE RESOURCES https://www.bbc.co.uk/news/articles/c5yg1471rwpo GET YOUR PROPERTY DEVELOPMENT FINANCE HERE: https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration SOCIAL MEDIA/CONTACT US https://linktr.ee/thepropertynomadspodcast BOOKS Property FAQs = https://amzn.to/3MWfcL4 Buy To Let: How To Get Started = https://amzn.to/3genjle 101 Top Property Tips = https://amzn.to/2NxuAQL 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

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  15:15
• 5 plants to avoid in housing

  Rob lists the five plants that homeowners, landlords, and tenants should avoid due to their potential negative impact on properties. The episode highlights invasive species such as Japanese knotweed, bamboo, rhododendron, buddleia, and English ivy, detailing how these plants can cause structural damage, compete for resources, and complicate mortgage and insurance processes. KEY TAKEAWAYS Japanese Knotweed: This invasive plant grows rapidly and can penetrate through soil and concrete, leading to potential structural damage. It's crucial to identify it during house viewings, as it can complicate mortgage approvals. Bamboo: Known as the fastest-growing plant, bamboo can quickly overtake gardens and disrupt paving, patios, and driveways due to its strong root system. While it can be aesthetically pleasing, it requires careful management. Rhododendron: These plants can grow very large and compete for light and nutrients with other plants. They are also toxic to dogs, making them a concern for pet owners renting properties. Buddleia: Although visually appealing, buddleias can grow in hard-to-reach areas like chimney stacks and roofs, leading to potential damage and water ingress. They produce a significant number of seeds, which can contribute to their invasive nature. English Ivy: Commonly seen on buildings, English ivy can spread rapidly and infiltrate cracks in structures, causing water ingress and structural issues. While it adds aesthetic value, it can pose risks to the integrity of a home. BEST MOMENTS "The first plant to really watch out for is Japanese knotweed... it can force its way into anywhere basically." "Bamboo is the fastest growing plant in the world... the roots can overtake a garden, it can push up paving slabs, patios, driveways." "Rhododendrons can grow to be very, very big... and also the plants are poisonous to dogs." "Even small buddleias are capable of producing over one million seeds a year... they can become quite invasive." "English ivy... its roots will go through cracks in the structures... leading to all forms of water ingress and structural issues potentially for the home." VALUABLE RESOURCES https://www.msn.com/en-gb/money/other/five-problem-plants-to-avoid-when-buying-a-property-and-what-to-do-if-you-spot-them/ar-BB1ogmDH?ocid=winp2fptaskbar&cvid=0a97fc7db27c49fbc2ad1d6e32be5c23&ei=41 GET YOUR PROPERTY DEVELOPMENT FINANCE HERE: https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration SOCIAL MEDIA/CONTACT US https://linktr.ee/thepropertynomadspodcast BOOKS Property FAQs = https://amzn.to/3MWfcL4 Buy To Let: How To Get Started = https://amzn.to/3genjle 101 Top Property Tips = https://amzn.to/2NxuAQL 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

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  9:27
• Energy policy latest incl. Heat Pumps & Gas Boilers

  Rob looks into the contentious topic of heat pumps versus gas boilers within the context of the UK's energy policy. With a critical eye, he discusses the government's shifting stance on energy solutions, including the potential abandonment of plans to ban new gas boilers by 2035. KEY TAKEAWAYS There is a strong skepticism regarding the effectiveness of heat pumps in the UK, particularly due to the age and structure of much of the housing stock, which may not be suitable for such systems. The UK government's energy policies have been inconsistent, with frequent changes regarding the ban on gas boilers and the push for heat pumps, leading to confusion and uncertainty in the housing market. The financial burden of transitioning to heat pumps or other energy-efficient systems is a significant concern, as the costs can be prohibitive for many homeowners, especially when compared to traditional gas boilers. There is a call for increased investment in various energy sources, including fossil fuels and nuclear power, to ensure affordable energy and support economic growth, rather than solely focusing on green policies. A more stable and affordable energy policy could lead to increased disposable income for consumers, allowing them to make more choices regarding energy systems, including potentially opting for heat pumps in the future. BEST MOMENTS "It's important to have a look at the latest news because that can impact the long-term housing plan for this country." "When you look and realize that most of our housing stock in the UK consists of some form of late Victorian or early Edwardian, heat pumps are not suitable for the housing stock in general." "If you give someone an option of installing a heat pump that may or may not work at the cost of say 10,000 pounds, or they can get a new gas boiler for say 5,000 pounds, most people are gonna go down the gas boiler route." "The current energy policy is not very good, to put it in a polite way." "We need more energy. We need more nuclear. We need more gas. We need more oil. More of those things are gonna drive our economy." VALUABLE RESOURCES https://www.msn.com/en-gb/money/technology/heat-pumps-to-be-installed-in-most-uk-homes-despite-fears-over-cost/ar-AA1wRJm8?ocid=winp2fptaskbar&cvid=d677da73f32445c2d535151ee4d6d24f&ei=13 https://www.msn.com/en-gb/money/other/labour-ditches-plans-to-ban-new-gas-boilers-from-2035/ar-AA1x3JLf?ocid=winp2fptaskbar&cvid=6a91687b1ea14fe2b89b1dcaae9bb589&ei=6 GET YOUR PROPERTY DEVELOPMENT FINANCE HERE: https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration SOCIAL MEDIA/CONTACT US https://linktr.ee/thepropertynomadspodcast BOOKS Property FAQs = https://amzn.to/3MWfcL4 Buy To Let: How To Get Started = https://amzn.to/3genjle 101 Top Property Tips = https://amzn.to/2NxuAQL 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

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  13:24

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