Scottish Property Podcast – Details, episodes & analysis

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.

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**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

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Nick@arcproperty.uk

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 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Steven@steven-clark.com

Nick@arcproperty.uk

In this episode, we are sitting down with Gemma Russel, the new co-host from Aberdeen, and covers various topics, including personal backgrounds, career transitions, and property investments. Gemma shares her unique journey and insights, offering inspiration and practical advice for listeners interested in property and personal development.

Key Points:

Introduction of Gemma:

• Gemma joins the podcast as a new co-host.
• She discusses her background and previous reluctance to travel to Glasgow due to personal reasons.

Gemma's Career Journey:

• Started with various jobs, including working in windows, at her dad's bookies, and offshore as a stewardess and radio operator.
• Transitioned to recruitment and later found success in network marketing with Forever Living, earning significant income.
• Emphasizes the importance of personal development, citing influences like "The Secret."

Challenges and Learning:

• Gemma shares her experience of managing multiple jobs and the struggle of balancing work with being a single mother.
• Talks about the financial ups and downs and the importance of understanding business fundamentals, not just sales.

Personal Impact:

• Discusses the impact of her mother's suicide on her life and the importance of mental health awareness.
• Highlights her passion for helping others through her work as a clinical hypnotherapist.

Property Investments:

• Transitioned into property investment, starting with a mentorship program and purchasing properties in Carrick and a five-bed house in Fochabers.
• Shares experiences and lessons learned from property renovations and the challenges of managing multiple projects simultaneously.
• Successfully flipped properties, highlighting a significant profit from a three-bed house in Carrick.

Service Accommodation:

• Discusses the profitability of her Airbnb in Fochabers, catering to groups, families, and events.
• Explains the licensing process and the challenges of managing service accommodations.

Future Goals:

• Plans to scale up the service accommodation business and continue investing in properties.
• Emphasizes the desire to achieve financial freedom and give back to the community.

Follow Gemma on Instagram!

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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/⁠⁠ 

🔗⁠⁠⁠⁠ Subscribe and watch episodes on our YouTube channel⁠⁠⁠⁠

**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

In this episode, Steven and Nick chat with Jerry Alexander about current topical situations.Rising energy costs, utilities, and how it is affecting his commercial and residential propertystrategies.We talk about the following:* Rising energy and utility costs* Rising interest rates* The effect the rises are having on property strategies* What you can do to mitigate risks* Looking for new opportunities* The current economic conditions* How we can navigate through the problems aheadHow to get i...

In this episode, Nick chats with John Blackwood, CEO Scottish Association of Landlords about the latest government announcements and what the implications are for landlords.We talk about the following:How the Scottish government did not engage or consult with stakeholders Update on when the legislation is to be published How will the freeze on rent be implemented Is it the SNP or the Green Party driving these policies How will the eviction bans work and will th...

In this episode, Steven and Nick chat to property investor Ewan Dudding (25) about how he has managed to scale up to owning 22 buy to let properties at such a young age! We talk about the following:How Ewan bought his first property saving everything he had and cutting his expenses. How to get a mortgage as a student.“House hacking” for cash flow.Leveraging student loans to purchase property.Using the BRRR strategy to build his portfolio.Funding with private investor financing and h...

Rent Freeze and Eviction Bans with Brian Gilmour In this episode, Steven and Nick chat with Brian Gilmour about the latest government announcements about the rent increase, freeze, and eviction bans. How to get in touch with Brian:Brian@indigolets.comhttp://www.indigolets.com/https://www.linkedin.com/in/brian-gilmour-15aa2125**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 r...

In this episode, Steven and Nick chat to Dee Ludlow about all the factors at play in the macro economy right now. How is this having an impact on peoples investing decisions and where will the opportunity come for investors?We talk about the following:Where the opportunity is to invest in the current economic climate.Rising interest rates, how fast and how high do rates need to go to curb inflation?What is the true rate of inflation?The energy crisis and how it’s going to affect busines...

In this episode, Steven and Nick chat to Julian Mithoff about the tragic circumstances from which his property journey began. Building a property portfolio whilst simultaneously growing a whisky business. Living life on your own terms and how property is helping him do this.We talk about the following:* Starting with the cash from his fathers insurance policy * The depreciation of the value of money in the bank* Beginning during Covid lockdown * Paying for an education* Building a b...

In this episode, Steven and Nick chat to Hannah Marsh from HomeViews about the future of the private rented sector and what impact Build to Rent schemes will have on it. Hannah runs an online review platform called HomeViews which allows prospective buyers and tenants to read reviews of residential developments.We discuss:What HomeViews is ?What is build to rent and what type of tenant demographics do they cater for?How important is location?What’s included in the costs and what extra ...