The Housing Shortage Crisis

Episode 211 of the Property Magic Podcast podcast, hosted by Simon Zutshi, titled "The Housing Shortage Crisis" was published on October 16, 2023 and runs 12 minutes.

October 16, 2023 ·12m · Property Magic Podcast

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Summary

Simon discusses the housing shortage crisis and its implications for property investors. With the UK experiencing a shortage of accommodation, rental rates have significantly increased, making it a favourable time for property investors with rental properties. Simon highlights advice on buying in areas with strong rental demand, focusing on positive cash flow, and helping motivated sellers to build a successful property portfolio. KEY TAKEAWAYS The UK is currently facing a housing shortage crisis, leading to increased rental rates and a high demand for accommodation. Both major political parties, the Conservatives and Labour, agree that the UK needs 300,000 new homes every year to meet the growing demand. Property prices have been experiencing a correction, with a 14% swing in direction from a 10% increase to a 3.8% decrease in the past 12 months. The current market conditions present a great opportunity for property investors to buy properties at lower prices, as there is less competition and a shortage of rental accommodation. BEST MOMENTS "It's one of the reasons we're seeing rental rates shoot up massively, which is good news for you if you are a property investor with property to rent out." "Now, the reality is that the average has been probably just less than 200,000 and this year, in 2023, we probably won't get as many as 150,000 new homes." "And the reason the government did that is part of the UK economy, one of the foundations of the UK economy, is obviously the housing sector." "Whilst most amateurs are waiting by the side, it means you don't have as much competition." VALUABLE RESOURCES To attend your first pin meeting as Simon's guest visit http://www.pinmeeting.co.uk/, find your local meeting, and at the bottom of the page where you normally pay £20, click on where is says "pay with a voucher code" and use this code: PODCAST. This will by pass the payment page and you can attend your first pin meeting for free. Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi Find out about the Global PIN Meetings at www.globalpinmeeting.com To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). iphone: http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2 Register at Mindset For Property at - www.mindsetforproperty.co.uk Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/ Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk. pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.