If we vote for Brexit what happens

Crashy_Time

ruelle wrote: »

https://www.theguardian.com/business/2016/aug/09/average-london-property-price-falls-30000-in-july-haart-brexit-vote

Very tedious....if you just "bought"......:rotfl:Eventually the drip drip of negative sentiment will have an effect, and people just won`t want to borrow for over-priced houses any more.

Crashy_Time

marksoton wrote: »

Learn from whom? Because based on your posts you could write what you know about financial markets on the back of a fag packet.

Where do you see the property market going after Brexit?

brit1234

Its going to be a couple of months till we see the really negative house price stats in the official figures due to their delay. Lets hope the government doesn't come up with yet another crazy scheme to prop up the housing bubble.

Sentiment has really changed, pretty much all the first time buyers I know are now waiting for price falls. A couple who bought just before brexit are really regretting their purchases. These were bought on so called government affordable schemes, they are talking significant negative equity as they overpaid with very little deposit.

System

Some people on here do not understand basic economics. Higher interest rates equals lower house prices. Lower interest rates equals higher house prices. I bet if the base rate remained at 5% (not cut in 2009), today's house prices would be at 2010 levels. In cutting the base rate down to 0. 5%, the Government have created imaginary wealth for home owners while seeing off renters and savers. Why save money when the bank can print money at a push of a button? There will be a time when the BoE will increase the base rate and that's to save the economy due to hyperflation - watch the bond markets carefully.

AnotherJoe

sabretoothtigger wrote: »

He is saying on measure, if the same business were done it'd now show up as 10% more as the cash has less value vs goods.

First, he didnt say that, no mention of goods, he said "You'd expect retail sales measured in sterling to increase given the drop in the value of sterling." Second, If everything is priced in Pounds why does the spend change? I haven't found I can spend 10% more in Sainsburys this week due to the exchange rate agaisnt the dollar falling by 10%. Have you?

If an M&S store did £100k business the week before Brexit, then if it did £109k business the week after Brexit you can't say "oh well thats just the same as the week before because its still the same amount in US dollars since the £ fell 10%". That would only apply if you measured and reported the sales in dollars. Which you dont.

The shops are selling in Pounds, the consumers are buying with Pounds. They dont alter M&S's sales figures in the UK depending on the £/$ rate or compare like with like weeks at key times, lets say Christmas to Christmas, by referring to exchange rates at that time, its irrelevant for sales comparisons (obviously it has an effect on sourcing but thats a different story)

HAMISH_MCTAVISH

Britain's economy contracted by 0.2% in July, the first full month after the UK's vote to leave the European Union, according to the latest numbers from the National Institute of Economic and Social Research (NIESR)

http://uk.businessinsider.com/niesr-research-on-uk-gdp-2016-8?r=US&IR=T

cashbackproblems

Today the bbc reported that 1/3 of families couldnt afford their rent more than one month after job loss, this shows how much debt people have and whats to come

These low rates and QE is simply storing up future inflation which will raise prices and rates, and with the death of new btl its taken away huge demand for properties, plus short term high capital appreciation makes it even less attractive

People around london anyway are realising this and not paying 400k for a 2 bed in zone 5/6 and i saw a flat today in a block that were getting snapped up for 350k pre brexit/SD in days.....now its just been reduced 325k to 310k and been on the market for months. Excellent condition minutes from a station etc

david1951

How about we all just wait and see?

Crashy_Time

david1951 wrote: »

How about we all just wait and see?

Where`s the fun in that?

Crashy_Time

HAMISH_MCTAVISH wrote: »

http://uk.businessinsider.com/niesr-research-on-uk-gdp-2016-8?r=US&IR=T

Do you still think the rents are going to "Soar" Hamish?