UK Housebuilders Facing Challenges - Big Recession Ahead
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
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Show Notes
In this podcast episode, Rob discusses the challenges currently faced by UK house builders. Citing falling demand, rising interest rates, labor shortages, and high material and wage costs, the episode highlights the difficulties smaller house builders are experiencing in particular.
KEY TAKEWAYS
UK house builders are facing challenges in the current market, including falling demand, rising interest rates, labor shortages, high material and wage costs.
It is taking longer for people to sell their houses, resulting in longer exchange times for new home purchases.
The rate of house building is slowing down, with some major builders planning to build fewer homes this year.
Economic warning signs, such as the yield curve in the USA inverting and bank downgrades, suggest a potential economic downturn.
BEST MOMENTS
"We've said for a little while that we can see that the economy is slowing down, despite all these BS numbers that we're being fed."
"The rate of house building seems to be slowing down for all of the reasons we mentioned at the start of the episode."
"It is highly possible that [a Wall Street crash] could happen again without a shadow of a doubt and that will take a lot of recovery time."
"All of these economic warning signs are here. What doesn't help is when government comes out with data to say, hey, the economy is growing at 0.2% or whatever it is, citing extra bank holidays that we've had."
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ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
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
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