If we vote for Brexit what happens

Balbo

So I'm an FTB looking at flats in North East London watching all this with interest, hoping that the nicer places we couldn't quite afford before will hover into attainability over the next 6 months.

What I can definitely say from Rightmove is that there are a high proportion of properties, say half in my search, being reduced each day - by 10k on average, often more. Far more than before.

Also I'm spotting a lot of properties coming back onto the market - which probably fits in with all the anecdotal evidence on forums of people backing out of deals at the last minute.

It seems people who want to sell fast are open to offers under the (inflated) asking price, according to various emails from EAs. This was generally unheard of before in an area where places were regularly going for 15 - 20k over asking.

New asking prices generally appear to be (a bit) lower but this week there seem to be a few high priced places bucking the trend - my assumption on this being that either they fell through and the seller wants relisted at price that was agreed, or that some EAs are claiming business as usual and listing high to get business from sellers, then reducing price later.

I reckon it's undeniable that the market is cooling, with people holding back from silly offers and the merry days of month on month price rises over for now. I wonder how long it will last?

mayonnaise

Rinoa wrote: »

A sign of our times. Very sad, but the same story is happening all over Europe, indeed the world.

Absolutely nothing to do with Brexit.

Yes, it's probably coincidence these incidents have skyrocketed since the brexit vote.

michaels

wotsthat wrote: »

I'm going to stick my neck out here and suggest the UK will have in the order of zero trade deals signed within 2 years of the Brexit vote.

Given that we can not legally sign trade deals until we have formally left the EU customs union I suspect your two years post vote is a pretty safe bet :rotfl:

Crashy_Time

http://uk.reuters.com/article/uk-eu-banks-stresstest-idUKKCN1071PF


Interest rate fun starts when individual countries decide they would be better off without the Euro.

michaels

mayonnaise wrote: »

On Theresa May:



Her refusal to guarantee legal status to EU citizens already in the country is nothing else but shameful IMO.
She could silence the 'send them all home' crowd by one simple announcement, but refuses to do so.

I 100% agree - IMHO using people as bargaining chips is not what being British or being a Tory is about, it almost feels like part of sour grapes/making BREXIT not work

Tammykitty

mayonnaise wrote: »

If we vote for Brexit what happens?

Brexit causes dramatic 11-point drop in UK consumer confidence

http://www.gfk.com/en-gb/insights/press-release/brexit-causes-dramatic-11-point-drop-in-uk-consumer-confidence/
:T

Are you seriously happy (Using the clapping emoji) that Brexit has caused this - because it makes you justified in voting remain?


You should not be happy that your country is suffering economically regardless of your position on the EU!


No one

TrickyTree83

michaels wrote: »

I 100% agree - IMHO using people as bargaining chips is not what being British or being a Tory is about, it almost feels like part of sour grapes/making BREXIT not work

The PM has said she wants to guarantee their status.

But sensibly cannot until the status of UK citizens in the EU is also guaranteed. That's the way it works.

Being upset about it before the negotiations start seems a bit odd to me. As of right now, we're still in the EU, we're not leaving yet because article 50 hasn't been invoked.

wotsthat

michaels wrote: »

Given that we can not legally sign trade deals until we have formally left the EU customs union I suspect your two years post vote is a pretty safe bet :rotfl:

Of course it's a safe bet. So getting excited about the queue of countries desperate to sign trade deals is somewhat premature.

Don't forget there isn't a plan. So an assumption we'll leave the customs union is just that - an assumption. If we stay in the customs union it's moot whether other countries want trade deals or not.

wotsthat

TrickyTree83 wrote: »

The PM has said she wants to guarantee their status.

But sensibly cannot until the status of UK citizens in the EU is also guaranteed. That's the way it works.

Being upset about it before the negotiations start seems a bit odd to me. As of right now, we're still in the EU, we're not leaving yet because article 50 hasn't been invoked.

Doing the right thing because it's the right thing should take precedence.

Neither the UK or EU should be using human shields.

Crashy_Time

ElsieMonkey wrote: »

"The lady doth protest too much, methinks" springs to mind reg. Crashy Time and co.!

Of course people who "own outright" and are "happy in their own fully paid for home" just post all day long because they are beacons of truth in a world of liars......:rotfl: