Will house prices rise or fall with Brexit

HappyMJ

My opinion...they would fall. Not dramatically but if less people are here the demand for housing is less and therefore the supply of house outstrips demand and prices fall.

This is where they get the figure that the average household would be £3,000 worse off than they would be if the UK had voted to stay in. Your net worth will be less.

Doesn't really matter though. More affordable housing means a lot as wage demands are lower leading to lower inflation overall.

Sapphire

Outlook appears fine to me, then, since I'm thinking of making a Londonexit in about a year's time (or perhaps sooner). At the moment I'm only at the 'thinking of' stage, though – I may even stay put…

movilogo

If UK leaves EU there will be fewer migrants which means less demand on houses. Non UK residents will also be afraid or owning properties in UK.

So price will fall.

Conrad

I can say from the front line that not much has been selling round here since the stamp duty deadline in March where a lot of purchasing was bought forward.


IMO not a bad thing as the market was getting over-heated.


After Brexit people will soon settle into the new normal and life will go on.


People get in such a pickle about the normal comings and goings of the property market, all but meaningless over a 25 year span

Conrad

movilogo wrote: »

If UK leaves EU there will be fewer migrants which means less demand on houses. Non UK residents will also be afraid or owning properties in UK.

So price will fall.

How come they rose for decades prior to mass immigration that took off after 2004? Of course there will be the odd fall, there always has been, so what, life goes on and long term prices always go up (not necessarily a good thing btw)


This idea there was no life prior to the EU is highly amusing

movilogo

not much has been selling round

2 months back, there were no "For Sale" boards in my town (1-hr from London). Suddenly I'm seeing a spate of "For Sale" boards again.

BTL tax credit removal is probably working as expected.

Conrad

movilogo wrote: »

2 months back, there were no "For Sale" boards in my town (1-hr from London). Suddenly I'm seeing a spate of "For Sale" boards again.

BTL tax credit removal is probably working as expected.

Yes, though some are saying Osborne picked that date as he knew a price lull would follow, just in time for him to blame it on brexit 'uncertainty'

Filo25

It will add some uncertainty to a market that already has a fair bit of that, so negative in the very short term.

Beyond that who knows it depends on what the eventual arrangement is with the EU, if there was an EEA deal there would be no reason for it to have a huge long term impact either way.

Electrum

mayonnaise wrote: »

House prices will fall dramatically.

Actually, all other things will be cheaper as well as we will be free of the shackles of VAT.
Everything VATted will reduce by 20% in price. (or 5% if reduced rate)
The £120 billion shortfall in tax revenue will be made up by scrapping NHS translation services for Romanian plumbers.

Why do you think everything will fall by 20% if we leave?

mystic_trev

Electrum wrote: »

Why do you think everything will fall by 20% if we leave?

Perhaps it'll be a bit like a DFS sale?