"Thousands" of London flats to come to the market

buglawton

If we leave, it'll allow the government to set new rules - points based - that'll tip the immigrant labour balance away from EU and towards Asia. A more discerning approach might result in those immigrants staffing our essential services (due to UK's aversion to training our own young) being at a higher paid level. In other words they'll compete with local workers at a higher skill point. Effect on rents? UP!

Electrum

buglawton wrote: »

If we leave, it'll allow the government to set new rules - points based - that'll tip the immigrant labour balance away from EU and towards Asia. A more discerning approach might result in those immigrants staffing our essential services (due to UK's aversion to training our own young) being at a higher paid level. In other words they'll compete with local workers at a higher skill point. Effect on rents? UP!

How can less demand and more supply mean prices will go up?

buglawton

Demand for higher quality, more sq m per person. An actual increase in the average per capita UK standard of living. Who'dve thought it!

cells

Electrum wrote: »

How can less demand and more supply mean prices will go up?

there wont be less demand, the uk population is not going to start shrinking on June 23rd. If anything I would expect a bigger population boom for the next 2 years if we vote out. Those who are/were thinking of migrating next year or in a few years time will think maybe this is the last chance and make the move now rather than risk not being able to make the move later. It may well even result in people who would otherwise not come to make their way here.

So firstly I would add 1 million people to the population projection in the short term 2-3 years if we vote out. That is a lot more demand not less.

Secondly why do you expect more supply if prices fall? If the recession here and elsewhere tough us anything it is that new build rates fall in recessions and market downturns this is obvious as marginal sites that work at price x dont work at 20% off price x.


So more people and less supply at least until 2020 if we do leave the EU than if we dont. Post 2020 you can maybe argue that we might have lower demand and somewhat lower supply.

buglawton

The UK build rate of new affordable homes couldn't get much lower anyway, unless they start bulk demolishing homes!

CLAPTON

Electrum wrote: »

How can less demand and more supply mean prices will go up?

difficult to say in the short term.

however over the medium term i.e. once new immigration rules are in place, then there will be less new demand (fewer immigrants) but new builds will continue.

so one can only say that prices will be lower than they otherwise would be but obviously depends on other factors.

obviously 'remain' usually argue that prices will crash due to WW3/ century long recession, european blockade etc however one can reasonably look forward to better accommodation for young people and the prospect of living in a family sized house before they reach 50.

Filo25

CLAPTON wrote: »

difficult to say in the short term.

however over the medium term i.e. once new immigration rules are in place, then there will be less new demand (fewer immigrants) but new builds will continue.

so one can only say that prices will be lower than they otherwise would be but obviously depends on other factors.

obviously 'remain' usually argue that prices will crash due to WW3/ century long recession, european blockade etc however one can reasonably look forward to better accommodation for young people and the prospect of living in a family sized house before they reach 50.

If as you say demand is weakening over this time, feeding through to lower prices, why would we not also see a slowdown in new building?

cells

CLAPTON wrote: »

difficult to say in the short term.

however over the medium term i.e. once new immigration rules are in place, then there will be less new demand (fewer immigrants) but new builds will continue.

so one can only say that prices will be lower than they otherwise would be but obviously depends on other factors.

obviously 'remain' usually argue that prices will crash due to WW3/ century long recession, european blockade etc however one can reasonably look forward to better accommodation for young people and the prospect of living in a family sized house before they reach 50.

That is already available in virtually all the regions bar London. And for London if prices go up 5% rather than 25% how affordable will the £1million terrace homes be forba couple working in asda?

AG47

mystic_trev wrote: »

Although it's pretty certain you'll still be renting when you die.

Great, as long as tax payers are paying for him. Every time he needs a new mashing machine, fridge freezer or something needs maintenance it's the greedy landlords who will have to pay for it. On top of the rising taxes the government needs to keep putting on property owners.

The renters will be laughing.

If the government stops subsidising everybody's rent then property will crash and former renters may consider buying. If not then carry on getting housing benefit and be content either way.

AG47

Brownlow wrote: »

Yep.

I think Monday Morning will be a very interesting morning.

Stock markets are in free fall. The derivative markets are getting gutted with the brexit uncertainty.

Word that Deutsche Bank has fired 3,000 employees effective immediately is a clear indication that the largest derivative holder in the world has just been GUTTED.

They are basically the German central bank, they have €75 trillion in toxic derivatives, and they have admitted silver manipulation and the best part is they have grassed on other criminals involved in the manipulation to try to get a lighter punishment for their involvement.

Silver has not been this high for a while, could this be it?