30% fall in property if no deal brexit

triathlon

AG47 wrote: »

I can see big big taxes being levied on air bnb and any other other reason properties are not used for living in.

The numbers of homeless are way above the reported

The housing crisis is the worst it has ever been

Roll on the 30% crash come no deal brexit

30


30% falls seems to be the magic number, has been now for 20 years:)
It always remains 30% fals as they have risen 100%, 300% , 500% and even 700% plus in many cases,
Oh!, and has anyone else noticed the latest job and wage growth figures along side immigration figures into the UK. One thing is for certain, yes there will be movement in the house price data, but it won't be down

RelievedSheff

I'm still waiting for this 30% fall in house prices so that we can pick ourselves up a few cheap rental properties.

AG47

RelievedSheff wrote: »

I'm still waiting for this 30% fall in house prices so that we can pick ourselves up a few cheap rental properties.

It won’t happen quickly it’s going to be a long drawn out affair, and who knows where the bottom will be.

Ever try to catch a falling knife

phillw

AG47 wrote: »

It won’t happen quickly it’s going to be a long drawn out affair, and who knows where the bottom will be.

If it happens slowly then it won't happen.

RealElement47

lisyloo wrote: »

Interesting report here about tenants being kicked out so properties can be used for more profitable air b&b

https://www.bbc.co.uk/news/av/world-europe-49285719/locals-kicked-out-of-their-homes-for-holiday-lets

There seems to be a particular problem in Edinburgh.
Does it only affect tourist towns, well more yes, but I’d suggest there is a wider knock on effect as those tenant move further our of town.

We’ll have more tourists in London, bath, Salisbury and Edinburgh for sure if the £ falls.

I can see big taxes on any properties that are not being occupied for living, there are too many holiday homes and airbnb

westernpromise

RealElement47 wrote: »

I can see big taxes on any properties that are not being occupied for living, there are too many holiday homes and airbnb

Why have you got 2 logins posting almost identical messages?

There needs to be a 50% crash in the number of your logins.

triathlon

DaveandMayu wrote: »

At least 30% fall in property if no deal brexit
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

The magic "30% falls" again, I have read thousands of posts on housepricecrash.com advocating that very figure for 15 years now, though I bet it has been quoted well before that. In the early days on that cultist site many posted with conviction and quite well in an articulate intelligent way at how the inevitable property crash would happen. There were some brilliant videos made by the website that were very amusing also.

You could sense the integrity and honest belief of some posters who thought that too many were borrowing too much and that we were only years or even months away from the inevitable, that was back in 2003. I remember it well because Kirsty Allsopp at that time went on MSM to warn people not to be taken in, sadly many were sucked into this cult site and lives destroyed, that was when I first had the site pointed out to me when a jealous associate I had the misfortune of knowing told me how my first couple of rental properties would soon be worthless.

All these years later the website has gone from a rock solid belief(though drastically wrong) to a small vocal, bitter and regretful bunch of posters that now show little conviction in what they say anymore as they spout without thinking those magic words

PRICES WILL FALL -30% SOON.

So sad

trickydicky802

I'm not convinced that house prices will fall by 30% after brexit. My reasoning is that houses are also homes and, having bought a home for £x, people are generally loathe to sell it for much less that they paid for it - especially if that means negative equity - so they simply don't move. And if people don't move then the market stagnates and the only way to get it going again is to offer owners more money to tempt them to move. So while I can quite imagine a slow down in the housing market, and perhaps a slight dip in prices, I can't really see a 30% reduction in prices.


Mind you, would it be such a bad thing anyway? Easier for first time buyers, lower fees, lower SDLP, easier to move up, etc.

sammyjammy

RelievedSheff wrote: »

You clearly have not been to Sheffield and seen the new china town being built as we speak. All Chinese investment.

Hmm maybe but not as good as you think...

https://www.bbc.co.uk/news/uk-england-south-yorkshire-48925175

BikingBud

trickydicky802 wrote: »

I'm not convinced that house prices will fall by 30% after brexit. My reasoning is that houses are also homes and, having bought a home for £x, people are generally loathe to sell it for much less that they paid for it - especially if that means negative equity - so they simply don't move. And if people don't move then the market stagnates and the only way to get it going again is to offer owners more money to tempt them to move. So while I can quite imagine a slow down in the housing market, and perhaps a slight dip in prices, I can't really see a 30% reduction in prices.


Mind you, would it be such a bad thing anyway? Easier for first time buyers, lower fees, lower SDLP, easier to move up, etc.

What about all the new builds that are sat there partially built or near completion? Does that mean they don't sell them? I'm sure Persimmon et al will not be happy about their massive, over-inflated cash flow stagnating.