If we vote for Brexit what happens

setmefree2

MEPs have hit out at plans to allow Britain to impose immigration controls for up to ten years post Brexit and still enjoy freedom of trade with the EU describing them as "unthinkable" and against the central tenet of the EU - freedom of movement of people.

http://sputniknews.com/europe/20160725/1043603094/brexit-verhofstadt-migrant-workers.html

setmefree2

Brexit has no effect on Grocery sales. LINK.

http://www.producebusinessuk.com/insight/insight-stories/2016/07/26/brexit-effect-is-proving-elusive-as-mid-size-retailers-strengthen

jimpix12

Crashy_Time wrote: »

And all that is a million miles from where were sentiment wise at the height of the bubble mania, that with the Brexit vote has me feeling very positive TBH.

Me too. I suspect once one of the Italian banks or Deutsche hits the rocks and needs a megabail-out, we'll see how exposed some of the UK lenders are. Credit will start to dry up and there'll be wailing from agents who are not earning enough commissions to keep the office open.

setmefree2

Brexit - good news for the FT

Financial Times appoints Brexit editor and ramps up EU team as it sees spike in subscriptions post-referendum

http://www.thedrum.com/news/2016/07/26/financial-times-appoints-brexit-editor-and-ramps-eu-team-it-sees-spike-subscriptions

sandspider2000

I was chatting to a mortgage broker yesterday. He said that all the press are making a big thing about fewer houses coming to market after Brexit - but that this always happens in Summer.
Also, an estate agent he has close links with has sold exactly the same number of houses this month as he did in the same month last year.

TrickyTree83

“A deal with these conditions would be unthinkable. It would allow the UK to expand its already very favourable position: keeping the best parts and ridding itself of the obligations that come with it."

I find it incredible that Verhofstadt acknowledges that the UK wants the good bits but none of the bad bits of EU membership.

Why aren't they working to remove the bad bits?!!!!!

jimpix12

Well, it isn't like an estate agent to lie is it?

There are, of course, plenty of statistics to show that supply this summer is way down on last summer, and the summer before, etc. It gets less every year.

bitsandpieces

lydriver wrote: »

was thinking.....there must be higher living/running costs associated with the properties and areas that are in a bubble and susceptible to a crash so any money saved buying at the bottom of a crash would start getting eaten away by these costs?

or have I missed something

There are plenty of parts of London where costs for basics like food are lower than in many other areas of the country (they have good markets, independent/specialist shops, etc.) but houses prices are incredibly high. Absolutely, if a crash lets you get a nicer/bigger place you'll have to spend more to heat the home and council tax may be higher, but this can seem a worthwhile expense for having living space rather than being overcrowded (and, with prices per square meter so high, heating costs are likely to be a smaller than usual proportion of purchase price). Many would also save on commuting costs if they could afford to live more centrally.

cells

TrickyTree83 wrote: »

Why aren't they working to remove the bad bits?!!!!!

in any collective group with rules there will be those who benefit more and those who dont. Think of income taxes and healthcare. Those who dont pay any or much income taxes and make use of a lot of healthcare probably think the system is fantastic and fair and great value for money while those who pay significant incomes taxes and seldom need to use public healthcare probably think the system is terribly unfair and a change is needed

in a democratic system the majority will tend to vote for handouts from the minority be that income taxes in the uk or a few big countries being net providers in the EU

The UK walking out of the EU might be akin to a higher rate tax payer emigrating to a lower tax country.

Harper123

Just to update that I've been looking for a new property since before brexit and in the weeks after and in commuter land within 45 mins of London there's been no change to the properties in my price bracket (the low end of the market) other than there's less coming onto the market.

I'm looking for a two bed house and the nice and 'affordable' ones are still being sold quite quickly with no price reduction in what they were coming onto the market at pre-brexit. I've put two offers in post brexit and not got either of them as both times someone's offered higher.

I have admittedly seen some reductions in the overpriced ones but they were never going to sell for that price even pre brexit.

So whilst who knows what's going to happen in the long term. Short term it's the same as usual for me.