Monthly Market Update with Mark Shanta
In this episode, Steven and Nick welcome Mark Shanta back to chat about the latest developments from July in the property market. Check out the video on youtube!We talk about the following:Latest figures from consumer price index inflation rateInflation slowed to 7.9% from 8.7% last month Highest mortgage rates in yearPotential Mortgage rates being reduced soonWe are still 5.9% off the inflation target Other countries are sitting at 3% due to earlier rate rises Annual house price increase of 3.2% in 12 months to may 2023200k-400k market is currently strugglingAre we still competing against first time buyers?The problems facing the BRRR investorsScottish market being on the increase while south is on the declineScottish rent prices going up higher due to the governments interference Follow Mark Shanta:Website: shantaresidential.co.ukInstagram - @mshanta5Linkedin - Mark ShantaTwitter - @MShanta5**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here⭐️⭐️⭐️⭐️⭐️ Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify.Connect with us on social media:🔗 Join our private Facebook group 🔗 Follow us on Instagram 📩 Email us:[email protected]@arcproperty.uk