Confronting Nigel Farage on the Property Market & Rent Raises

Mark talks to Nigel Farage on GB news about the difficulties of rent and housing in his local town of Peterborough, demonstrating a microcosm of what is happening across the country. Mark outlines the need for changes in regulation to drastically disrupt the current supply issues the UK is facing in housing. KEY TAKEAWAYS  Rents have almost doubled since 2016, a lot of this is population pressure as well as landlords exiting the sector due to the Section 21 regulation Peterborough is the cheapest place within 75 miles of London and that is one of the causes of the drastic population increase Changes to planning need to happen to make it easier to build houses The government needs to create incentives for landlords, this creates choice, promotes quality and keeps prices down BEST MOMENTS   ‘The property here is exploding, where is everybody going to live, what’s it going to cost them and what’s the government doing about it’ ‘The supply of rental properties is contracting as more and more people come in the country wanting to rent’ ‘Those rental increases here in Peterborough are shocking’ VALUABLE RESOURCES  https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/ ABOUT THE HOST Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties. CONTACT METHOD Email: [email protected] LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive   ‘Brought to you by Progressive Media’: https://progressivemedia.uk/