Britexit should I be worried

marsman802

I will be shocked if brexit results in a house price drop of scale in the South East - just far far too much demand

I'm hoping to exchange by Wednesday this week - good luck to yourself!

MerrilyA

I don't think there is anything to be concerned about really. You're not buying an investment you're buying a home.

For well seasoned property investors/ business owners and even general home owners they make things work no matter the weather. You've got to be in the know and a few steps ahead, things don't just happen there are signs. It's best to be proactive rather than reactive.

If it's really a concern then you should have a plan. How long do you want to live in the house? What happens if you do go into negative equity and you want to move? What are your options? Don't sell or take the hit.

However, I really wouldn't be too concerned. House prices double on average every 7 to 10 years according to research and records from the doomsday book.

PasturesNew

All the hot air generated about the vote is just hot air. Nobody knows what will happen.

Re negative equity, what's the alternative? To remain renting "in case" they fall ...? If they fall people won't want to sell their house as they will think "it's worth more, not selling for that", so you'll have fewer to choose from, if any. Then, the market will turn and then you won't be able to buy as everybody will be falling over themselves to snap everything up.

Buy now, move in, live in your nice home without having to listen to hot air.

banks4u

Like the responses, I think it's just the govt trying to scare people into voting yes to stay.

marsman802

Possibly.
I'm voting out - I'm actually excited by the unknown and I do like a risk!

dexterwolf

Less homes in the UK and population on the increase?. I can't see the prices dropping a lot more than likely they will rise due to the lack of housing .