Londoners, how do you feel about the property market situation?

davomcdave

http://www.thedailymash.co.uk/news/international/if-youre-being-a-tax-haven-we-only-really-want-london-say-investors-20170118120390

INTERNATIONAL investors have demanded that when Britain becomes a tax haven it must slim down to just London. Following Theresa May’s threat to turn the UK into a low-tax home for anonymous bank accounts and nine-to-a-room multinational head offices, investors have suggested she ‘trim the fat’ first. Hedge fund manager Julian Cook said: “Tax haven is very much the way we’ve been going anyway, and some naughty boys I know in South America will be extremely interested. “But, you know, Monaco, Luxembourg, the Cayman Islands… notice anything? Low acreage? Very little infrastructure to support? My clients are not the kind of people who foot the bill for Doncaster’s streetlights, I’m afraid, though big thanks to the Doncastrians for voting Brexit.

“No, I mean if the Scots and the nutters are going anyway bung the North off with them, auction Wales off as uninhabited, flood the South, London’s your sovereign tax haven. Job done.”

padington

always_sunny wrote: »

I know right, look at the pounds in the bank, they're worth already 20% less than before if you convert them in Euros or Dollars! I'd rather have the house in Clapham, at least you can rent that out. London will not see huge dips, rest of the country possibly, but London (and SE areas next to it) are a country of its own.

That's the thing. Wealth is never complelty safe anywhere. Keeping it in real things through gives you real world advantages.

always_sunny

padington wrote: »

That's the thing. Wealth is never complelty safe anywhere. Keeping it in real things through gives you real world advantages.

Absolutely, I think most people diversify their investments across different currencies, industries, etc. Though if the house is bought to live in, there is no much point estimating the value :rotfl: