Will Your Kids Ever Own a House? Mark of GB News with Nigel Farage
01/18/24 • 10 min
Two of the most talked about issues in the country in regards to housing, are how the next generation will afford it and the impact migration and immigration are having on the housing shortage. Mark joins Nigel Farage on GB news to discuss this and the promises of house building from the current secretary of state for housing Michael Gove.
KEY TAKEAWAYS
- Michael Gove has said the government can and will override local government and council decisions around housing.
- Nigel Farage believes the single biggest issue facing the housing crisis is immigration.
- Rental increases are largely in part due to a lack of supply of housing.
- The government needs to present and show new ideas to help the lack of housing in this country right now.
- New towns are one of the solutions to the housing crisis.
- The housing planning system in this country is broken, being done at a local level it’s very political and this is detrimental to housing development.
BEST MOMENTS
"For 2023 it’s unlikely they’ll build more than 160 thousand”
“He showed himself and the government to be more out of touch with the country and the reality”
“Rents have gone up 40% since 2016, since the Brexit vote”
“Planning is the major problem”
“I haven't seen any new ideas from Starmer”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
Two of the most talked about issues in the country in regards to housing, are how the next generation will afford it and the impact migration and immigration are having on the housing shortage. Mark joins Nigel Farage on GB news to discuss this and the promises of house building from the current secretary of state for housing Michael Gove.
KEY TAKEAWAYS
- Michael Gove has said the government can and will override local government and council decisions around housing.
- Nigel Farage believes the single biggest issue facing the housing crisis is immigration.
- Rental increases are largely in part due to a lack of supply of housing.
- The government needs to present and show new ideas to help the lack of housing in this country right now.
- New towns are one of the solutions to the housing crisis.
- The housing planning system in this country is broken, being done at a local level it’s very political and this is detrimental to housing development.
BEST MOMENTS
"For 2023 it’s unlikely they’ll build more than 160 thousand”
“He showed himself and the government to be more out of touch with the country and the reality”
“Rents have gone up 40% since 2016, since the Brexit vote”
“Planning is the major problem”
“I haven't seen any new ideas from Starmer”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
Previous Episode
Mark's 2024 Property Predictions
In this episode, Mark outlines his predictions for property for 2024. He discusses the implications of the market in 2023, what he thinks will happen to house prices and rent rises as well as the multiple reasons more and more landlords are choosing to sell up!
KEY TAKEAWAYS
- For the end of 2024, Mark thinks house price falls will moderate and stabilise
- Mark believes rent prices will continue to rise throughout 2024
- There is less supply of rental properties and this is continuing along with population increases.
- Section 21 is mostly used by landlords when tenants have run up arrears.
- There is going to be a consultation taking place to split houses into two apartments which could be positive for developers.
- The government have confirmed that landlords won’t have to meet EPC rating of c in all properties by 2025. Which makes many properties more viable to property investors.
BEST MOMENTS
"I think rent rises will continue through 2024”
“From 2016 to now we have seen an almost double of rent [prices] in this area”
“Lots of landlords are leaving the sector because they can see the section 21 being repealed”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
Next Episode
A New Help to Buy Scheme + other news
In this episode, Mark gives his thoughts on recent property news. He talks about current planning restrictions, ground rent problems and gives his educated opinion about the new suggested help-to-buy scheme from Jeremy Hunt.
KEY TAKEAWAYS
- Jeremy Hunt is looking at creating a similar scheme to the previous help to buy where the government helps fund houses for buyers, including on existing homes.
- The previous help-to-buy schemes were often overpriced and put lenders and the government at some risk.
- Planning is preventing much-needed house building. Until this changes we can’t tackle the housing crisis in the UK.
- There is a government consultation that has just been completed to cap extortionate ground rents for existing leases.
BEST MOMENTS
"Jeremy Hunt is looking at reintroducing a help-to-buy type scheme”
“It was a great gravy train for the developers”
“They’re not building anywhere enough, due to planning”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
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