This week on Ask Rob & Rob, an anonymous caller asked:
Is there a “local” property cycle?
Obviously all parts of the UK are moved by the same macro factors like interest rates and lending, so you’re not going to have anywhere that’s wildly out of whack, but as for how local you can take this theory, it seems unlikely that it can take place within a city.
That said, you can see a ripple effect from a city, which can potentially impact surrounding towns and smaller villages. Nothing’s guaranteed, but by seeing where price growth takes places, you should be able to predict – all things being equal – where it will spread to afterwards.
Within cities there’s always going to be areas that rise and fall in value – shops moving in, regeneration, etc – but it’s not going to happen in a cyclical way, even though it’s something to strongly consider when looking at where to invest.
Do you have a property-related question for Rob & Rob? Whether you’re a first-time investor or a seasoned pro, you could feature on our next episode. Just call 013 808 00035 and leave a message with your name and question (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
Subscribe in your favourite podcast app to get every episode automatically sent to your phone.
Share your thoughts on this episode – and find out what others are saying – in the Property Hub Forum.Go to the forum
Did you enjoy this episode? Then please leave us a review: it’s the best way to say thank you, because it helps others find us.
To show our appreciation, we’ll read out your review on the show! Learn how to leave a review in Apple Podcasts.