We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Brexit sparks overseas spending spree in London property
nkomp18
Posts: 193 Forumite
The fall of the pound following the EU referendum has triggered a spending spree in London's property market from foreign investors.
But these overseas buyers are no longer just targeting prime central locations.
Changes in stamp duty mean that they are now interested in cheaper properties - pitting them head-to-head against jittery first-time buyers.
Source plus video at BBC news website here
But these overseas buyers are no longer just targeting prime central locations.
Changes in stamp duty mean that they are now interested in cheaper properties - pitting them head-to-head against jittery first-time buyers.
Source plus video at BBC news website here
0
Comments
-
Even more equity in my flat. Nice.0
-
Crikey.... "The usual suspects" will not be pleased.
It now seems Brexit will not result in a significant reduction in migration, will not result in £350m a week more for the NHS, will not result in the UK leaving most bits of the single market, and will not result in house prices falling.
So all they got out of it was more inflation and more monetary stimulus.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
The fall of the pound following the EU referendum has triggered a spending spree in London's property market from foreign investors.
But these overseas buyers are no longer just targeting prime central locations.
Changes in stamp duty mean that they are now interested in cheaper properties - pitting them head-to-head against jittery first-time buyers.
Source plus video at BBC news website here
Ofc, thats why prices are falling and supply is going up:
http://www.home.co.uk/guides/asking_prices_report.htm?location=london&startmonth=01&startyear=2016&endmonth=08&endyear=20160
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards