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Show Notes
Everyone is asking if there going to be a property market crash and when’s it going to happen and in this episode Shaz shares the historical patterns and his analysis of this much-asked question
He looks at the previous cycles for the property market and shares the predictions and his analysis of what will happen
KEY TAKEAWAYS
- History repeats itself and there have been, to date three serious property market crashes
- There are consistent themes such as changes in interest rates, rising energy costs and policy mistakes
- Covid had an effect on the global economy as well as on individuals
- The stamp duty land tax holiday created an artificial boom in the market
- For over a decade there has been growth in the property market
- Many experts are now forecasting that the fallout from the mini budget will impact for some time to come
- The cycle of property dictates there will be a crash at some point and the property market follows a cycle linked to global events
- Those in shared ownership are of particular concern and renters have already had to deal with rising costs
- Its predicted house prices will fall by 10% over the next 2 years, which is significant
- The signs are there and we need to look at previous indicators and plan accordingly
BEST MOMENTS
‘A crash happens partly because there is a boom’
‘You’ve got to pass on the costs because that’s how a business works
‘Is it any wonder first-time buyers are struggling’
VALUABLE RESOURCES
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on: