30% fall in property if no deal brexit

DaveandMayu

Channel 4 news just said it will be at least 30% crash in property prices if no deal.

The good news is the uk will save the 39billion divorce fees

Nobbie1967

DaveandMayu wrote: »

Channel 4 news just said it will be at least 30% crash in property prices if no deal.

The good news is the uk will save the 39billion divorce fees

They are talking utter BS

martin1959

They have also said 1st August will be the first Annual Purge night...and they are teaching pigs to fly.....

sevenhills

DaveandMayu wrote: »

Channel 4 news just said it will be at least 30% crash in property prices if no deal.

The good news is the uk will save the 39billion divorce fees

Channel 4 ought to know better, see below.


The £39 billion divorce bill is the figure Westminster and Brussels have arrived at to cover the outstanding budget contributions we committed to paying in 2013, and which we would have been paying in 2019 and 2020 were we not leaving the EU. There are also some commitments (like pension contributions) that go beyond 2020, which will be settled in the divorce bill.
Professor Begg says that because the UK signed the 2014-2020 Framework, “you could argue we’re bound to that.”


https://www.channel4.com/news/factcheck/factcheck-can-we-avoid-paying-the-39-billion-brexit-divorce-bill

DaveandMayu

One way or another it's looking like property will fall

We will see how much

Bossypants

Wrong forum, surely?

martin1959

DaveandMayu wrote: »

One way or another it's looking like property will fall

We will see how much

Just one opinion

The market is already slow due to uncertainty about Brexit. If there is a ‘good’ outcome, then those waiting will probably make a move, and prices could well rise.

The only reason prices will fall significantly is if there is mass unemployment. People still need to live somewhere, and most (if they have the funds) prefer to own rather than rent, which is dead money in the long run, and gives no stability of tenure.

_CC_

Article 50 would be revoked before a no deal.

connors07

A house is worth when the combination is met between what someone is willing to pay and what someone is willing to sell for. On the day that we 'leave' am I going to accept 30% less of what the market said the day before? No. Nor will most.

With a deal it will be bumpy, without a deal it will be bumpy. This nation is a consuming machine since so much industry was ripped away from it. We've got money hence why the EU doesn't want us to go and knows we can pay the ransom. We're not exactly going to turn into a third world country, we're not exactly all going to stop working, consuming etc.

Brexit is coming. I believe they'll have nothing sorted before it and progress will likely be made in April out of necessity. The last 2 and a half years have served as proof at how utterly self-serving MP's are. They've gone about Brexit like a lazy 16 year old doing coursework.

sevenhills

martin1959 wrote: »

The only reason prices will fall significantly is if there is mass unemployment. People still need to live somewhere, and most (if they have the funds) prefer to own rather than rent, which is dead money in the long run, and gives no stability of tenure.

It just takes lack of confidence to start a snow-ball effect of people not spending.
Germany went from higher growth than the UK, to negative growth, we could be next.

dimbo61

We were told all sorts of lies if we voted Leave.
Well some 17.4 million voters did not believe that utter BS !
House prices have not dropped by 30% after 2016 and we now have a record number of people in employment.
The car industry may be suffering but they have been making to many cars which are too expensive.