Scottish Property Podcast

By: Nick Ponty and Steven Clark
  • Summary

  • A weekly podcast focused on keeping property investors informed and educated on the Scottish property market. Co-hosts Nick Ponty and Steven Clark share their own experiences, answer questions and talk to experts in the industry.
    Nick Ponty and Steven Clark
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Episodes
  • Capital Gains, Tax Hikes & Falling Rents with Mark Shanta
    Sep 2 2024
    In this Market Update episode, we're joined by Mark Shanta, a seasoned estate agent and letting agent, to explore the latest trends in the Scottish property market. We discuss the key developments from August, including changes in mortgage rates, fluctuations in house prices, and the latest shifts in the rental market. Whether you’re an investor, a first-time buyer, or simply interested in the property landscape, this episode offers valuable insights into what’s happening across Scotland. Episode Highlights: Mortgage Rates: The Bank of England has reduced interest rates slightly, leading to a decrease in mortgage rates, which is positive news for the property market.First-time buyers are showing increased confidence, with many properties selling above home report values and frequently going to closing dates. House Prices: The average property price in Scotland has risen by 4.3% over the past year, reaching £192,000.Both hosts predicted a 5% increase in house prices at the start of the year, and the market appears to be on track to meet that prediction. Rental Market Trends: Rental prices in Glasgow have seen a decline after sharp increases last year, with some areas experiencing rent reductions.The decline is attributed to the unsustainable rent increases seen in the previous year, leading to a market correction. Political and Economic Impacts: The episode discusses the potential implications of Labour’s proposed tax policies, including an increase in capital gains tax, which could affect property investors.The impact of Scotland’s rent control policies is also explored, with a significant rise in rent adjudication requests following the end of the rent cap. Census Data Insights: A nearly 30% increase in the number of Scottish homeowners who have paid off their mortgages over the past decade reflects an aging population.The number of households renting privately has risen by 9.5% since 2011, while social renting has slightly decreased. Student Accommodation: There has been a 68% increase in the number of people living in student accommodation, driven by the growing demand from international students. Challenges in Property Investment: The process of obtaining buy-to-let mortgages through limited companies remains challenging, with extensive paperwork and delays.Potential changes in capital gains tax could impact the decisions of property investors and slow down the market. Tune in to this insightful episode as Mark Shanta and the hosts delve into the latest market updates, offering expert analysis and practical advice for navigating the current property landscape in Scotland. ---------------------------------- Follow Prime Property Auction on Instagram: Prime Property Auction: https://www.instagram.com/primepropertyauctions/ John: https://www.instagram.com/john_property_auctioneer/ Luis: https://www.instagram.com/luis_property_auctioneer/ Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ ------------------------------------ Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast **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: Steven@steven-clark.com Nick@arcproperty.uk
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    33 mins
  • Policy Failures and Housing Crisis: Willie Rennie Speaks Out
    Aug 26 2024
    In this episode of the podcast, we are joined by Willie Rennie, MSP for North East Fife, to discuss the ongoing housing crisis in Scotland. With a severe shortage of affordable homes, especially in areas like St. Andrews, many people are struggling to find suitable accommodation. The conversation covers the key challenges contributing to the crisis, including planning issues, the impact of short-term lets, and the difficulties faced by those with disabilities in securing adequate housing. Willie Rennie shares his insights on what can be done to address these issues, offering practical solutions and highlighting the need for both government and private sector involvement in building more homes. Housing Crisis in Scotland: A severe shortage of affordable housing is affecting many parts of Scotland, particularly in high-demand areas like St. Andrews.The increased demand for both rental properties and homes for purchase has left many people, including those on housing lists, struggling to find suitable accommodation. Challenges in the Housing Market: Factors such as inadequate planning, economic recessions, and the complexities of building homes to modern standards are contributing to the crisis.The conversation highlights the particular difficulties faced by people with disabilities in obtaining suitable housing. Impact of Short-Term Lets and Second Homes: Short-term lets and second homes are exacerbating the housing crisis in local communities, making it harder for residents to find affordable housing.Willy Rennie supports control areas to cap the number of short-term lets but criticizes the Scottish Government's licensing system as overly burdensome. Proposed Solutions: Rennie suggests a rural housing bond to encourage landowners to develop properties for local people rather than for short-term lets or second homes.The discussion also covers the need for a more efficient planning system, with Rennie advocating for speeding up the planning process to increase the supply of housing. Government Policy and the Housing Market: The hosts express frustration with the Scottish Government's approach, particularly the rent cap legislation, which they argue has discouraged investment and led to higher rents.Rennie and the hosts agree on the importance of partnership between the government and private landlords and investors to tackle the housing crisis. Call to Action: Building more homes is essential to addressing the housing crisis, but this requires a collaborative effort between the government and the private sector, as well as a more streamlined and responsive planning system. Tune in to this insightful episode as we explore the pressing issues behind Scotland's housing crisis and discuss potential solutions with Willy Rennie, MSP. ---------------------------------- Follow Prime Property Auction on Instagram: Prime Property Auction: https://www.instagram.com/primepropertyauctions/ John: https://www.instagram.com/john_property_auctioneer/ Luis: https://www.instagram.com/luis_property_auctioneer/ Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ ------------------------------------ Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast **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: Steven@steven-clark.com Nick@arcproperty.uk
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    44 mins
  • Drab to Fab: Property Staging Secrets with Michelle Wales
    Aug 19 2024

    In this episode of the Scottish Property Podcast, we sit down with Michelle Wales, a dynamic entrepreneur in the Scottish property scene. Michelle shares her journey from starting as a property investor.


    The discussion delves into the evolution of their property portfolio, the importance of staging in real estate, and the challenges of balancing business growth with personal life. Whether you're a seasoned property investor or just starting, this episode offers valuable insights into the diverse opportunities within the property industry.


    Episode Highlights:

    • Introduction and Background:

      • Michelle and her husband, Gary, started their property journey in 2019 after formal training.
      • Initially focused on owning a few buy-to-let (BTL) properties, they expanded their portfolio and ventured into short-term rentals (Airbnb).
    • Property Investment and Business Evolution:

      • The couple's property journey took unexpected turns, leading Gary to become an estate agent and Michelle to launch a property staging business.
      • They temporarily paused expanding their property portfolio to concentrate on growing their respective businesses.
    • Property Staging:

      • Michelle's interest in staging developed as they began furnishing their own rental properties, realising the aesthetic and financial benefits of staging.
      • Property staging has become a valuable service in enhancing the appeal and market value of properties.
    • Business Insights:

      • The episode emphasizes the importance of a business mindset in the property industry, whether in investment or related ventures like staging.
      • Trends in interior design and staging are discussed, highlighting their impact on helping potential buyers or renters visualise property potential.
    • Challenges and Future Plans:

      • Michelle shares the challenges of balancing business growth with personal life and the ongoing learning process in both property and staging.
      • The couple plans to continue expanding their property portfolio and staging business, with a focus on continuous learning and evolution.

    Tune in to gain a deeper understanding of the property industry's multifaceted nature and the unexpected opportunities it can offer.


    ---------------------------------- Follow Prime Property Auction on Instagram: Prime Property Auction: https://www.instagram.com/primepropertyauctions/ John: https://www.instagram.com/john_property_auctioneer/ Luis: https://www.instagram.com/luis_property_auctioneer/ Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ ------------------------------------

    Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast


    **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:

    Steven@steven-clark.com

    Nick@arcproperty.uk


    #scottishpropertypodcast #propertyinvestment #realestate #investmentstrategies #scottishproeprty #propertystaging

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    50 mins

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