Debate House Prices


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Brexit, the economy and house prices part 5

gfplux
gfplux Posts: 4,985 Forumite
Part of the Furniture 1,000 Posts Photogenic Hung up my suit!
in Debate House Prices & the Economy
Part four has disappeared so here is part five.
Apparently house prices in London are falling due to Brexit
There will be no Brexit dividend for Britain.

What will any "Exit from Brexit" bill from the EU be? 181 votes

More than the proposed Brexit bill
56% 102 votes
About the same as the Brexit bill
10% 19 votes
Less than the Brexit bill
33% 60 votes
«134567…1111

Comments

  • Fella
    Fella Posts: 7,921 Forumite
    1,000 Posts Combo Breaker
    gfplux wrote: »
    Part four has disappeared so here is part five.
    Apparently house prices in London are falling due to Brexit

    More good news then, since all I ever read about is the housing crisis in Britain/London due to prices being too high.
  • Herzlos
    Herzlos Posts: 15,706 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Good news for folk trying to move on/up the ladder, bad news for those relying on the prices. Does that mean people have less to spend or just aren't buying?
  • Boredatwrork
    Boredatwrork Posts: 2,068 Forumite
    Herzlos wrote: »
    Good news for folk trying to move on/up the ladder, bad news for those relying on the prices. Does that mean people have less to spend or just aren't buying?

    I don't really have a lot of sympathy for those with price drops in London, looking at the year on year annual growth. Your average Joe has been priced out in most parts for years.
  • GreatApe
    GreatApe Posts: 4,452 Forumite
    There is no housing problem or crisis in the UK

    London is expensive because a lot of London buyers buy with capital not income.

    London isn't particularly expensive compared to say Paris.
    https://parispropertygroup.com/blog/2017/paris-real-estate-defying-all-predictions-for-2017/
    The more expensive parts of Paris are 12,000 euro/sqmsqm while the cheapest cost 6,500 euro/sqm
    That means a 150sqm home would cost 0.975 million euro in the cheapest area and 1.8 million Euro in the expensive areas.

    In zone 2 Hackney London a 150sqm terrace costs about £1m so quite similar to the cheaper areas of Paris.
  • cogito
    cogito Posts: 4,898 Forumite
    IIRC, during the referendum campaign, George Osborne said that house prices would fall if the vote was for leaving. Maybe that's a reason why the leavers won.
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    edited 11 October 2017 at 11:49AM
    Ok I'm going to leave you guys to it. I'm off to the Discussion Time Board.
  • Sapphire
    Sapphire Posts: 4,269 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Debt-free and Proud!
    setmefree2 wrote: »
    Ok I'm going to leave you guys to it. I'm off to the Discussion Time Board.

    What's that?:D
  • posh*spice
    posh*spice Posts: 1,398 Forumite
    edited 11 October 2017 at 5:39PM
    Sapphire wrote: »
    What's that?:D

    Money Savers Arms Board - right at the bottom on forum front page. Thread up and running.

    Thread has Brexit News Links in the title :)
    Turn your face to the sun and the shadows fall behind you.
  • Sapphire
    Sapphire Posts: 4,269 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Debt-free and Proud!
    posh*spice wrote: »
    Money Savers Arms Board - right at the bottom on forum front page. Thread up and running.

    Thread has Brexit News Links in the title :)

    Brilliant! Thank you. Wasn't aware of its existence! ;)
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    gfplux wrote: »
    Apparently house prices in London are falling due to Brexit

    Shortage of Eastern European buyers tips London property market in decline.

    One thinks not.
This discussion has been closed.
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