30% fall in property if no deal brexit

andrewf75

DaveandMayu wrote: »

Not at all, just an equalising as the rich get poorer and the poor get a chance to get on the ladder for 30% cheaper ��

The research and evidence suggests otherwise. The poor take the biggest hit whenever things go wrong.

Property will only fall by 30% if the economy takes a serious hit - in which case those who can't afford houses now will be even less able to afford them. If projections for the economy are wrong, house prices won't fall.

ruperts

DaveandMayu wrote: »

Not at all, just an equalising as the rich get poorer and the poor get a chance to get on the ladder for 30% cheaper 😁

The only way property prices outside London can really crash is if people become unable to afford the repayments and are forced to sell, otherwise they just stay put and ride it out.

For prices to fall 30%, a lot of people who were formerly in a stable enough position to afford to buy must have fallen on seriously hard times.

Whatever events occured to cause a huge number of people to fall on hard times, would almost certainly also be affecting FTB's, eliminating their ability to take advantage of the lower prices.

dunstonh

If channel 4 said it then it must be true. It's funnny how they have messiah like ability to predict the future.

PokerPlayer111

Which episode did they say this?


edit got it: [FONT=&quot]Tue 22 Jan, 7pm[/FONT] @ 16 minutes in on the player

spadoosh

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

Are you taking bets? If you are im in.....

PokerPlayer111

Markets move in preparation. The brexit drop already happened and it was in GBP purchasing power back in 2016 looking at the charts. GBP lost nearly 30% to USD in that year. GBP made a slight recovery since but is still down in preparation for brexit.



There would have to be some post brexit disaster to move markets further - some new information.



We dont have any new information on brexit so at this stage everything is priced in.

andrewf75

PokerPlayer111 wrote: »

We dont have any new information on brexit so at this stage everything is priced in.

But I imagine everyone is still working on the assumption that we won’t leave without a deal in March.

lisyloo

andrewf75 wrote: »

But I imagine everyone is still working on the assumption that we won’t leave without a deal in March.

Is there a reason you think everyone is wrong?

andrewf75

lisyloo wrote: »

Is there a reason you think everyone is wrong?

Not sure what you mean. I don't think everyone is wrong, I think they are assuming that a deal will be made or Brexit is delayed.

spadoosh

andrewf75 wrote: »

But I imagine everyone is still working on the assumption that we won’t leave without a deal in March.

So people whose business it is to analyse risk and try and make money from it (banks) have decided that because of brexit its no point in doing their jobs? Theyre just winging it? You might want to warn their shareholders.