30% fall in property if no deal brexit

AG47

The perma prop bulls are panicking

Herzlos

Crashy_Time wrote: »

This 75k drop is a good example of how all the other kite flyers in a similar street are now 75 - 100k "poorer", don`t know what is going on with the white paint but I bet the neighbours just love this guy!

https://www.rightmove.co.uk/property-for-sale/property-69106585.html

Only if they had identical houses and were relying on the higher valuation for the short period it was up. Realistically unless they are re-mortgaging or moving they don't care about the house price anyway and that 75-100k blip was nothing but a blip.

lisyloo

AG47 wrote: »

The perma prop bulls are panicking

I don’t think there are any perma prop bulls, but milli9ns are ver6 concerned about brexit.
Property is one aspect, food and medicines being more immediate.
There are a lot more things to worry about higher up the priorirty list than property if we leave without a deal.
Panicking is the wrong word.
Those with sensible financial plans such as asset diversification and global diversification Have already spread their risks.
Concerned for the less fortunate/well off, definitely.

MobileSaver

AG47 wrote: »

The perma prop bulls are panicking

The only people panicking are the HPC zealots who are in disbelief that, despite three years of Brexit uncertainty, prices are still rising.

Thrugelmir

MaxiRobriguez wrote: »

Whilst I'm not convinced a crash is imminent, my anecdotal evidence would suggest I'm seeing more "reduced today" listings on rightmove over the past 6-12 months than I can ever remember.

We are considering moving to another part of the country in the future. What's noticable from watching a particular locality. Is that property sells relatively quickly or it sticks. Much of the property that sticks has only be been reduced slightly in price and/or has location "issues". People do appear to have spent money on property to make their dream homes that will never be recovered.

MobileSaver

Thrugelmir wrote: »

People do appear to have spent money on property to make their dream homes that will never be recovered.

You say that as though it's a bad thing?

The vast majority of people buy a property as a home, not an investment, something the HPC zealots seem unable to get their heads around.

quirkydeptless

Crashy_Time wrote: »

This 75k drop is a good example of how all the other kite flyers in a similar street are now 75 - 100k "poorer", don`t know what is going on with the white paint but I bet the neighbours just love this guy!

https://www.rightmove.co.uk/property-for-sale/property-69106585.html

I expect he needed a bigger house for the seven wives

chucknorris

AG47 wrote: »

The perma prop bulls are panicking

Assuming that you class me as a 'perma prop bull' (which you would almost certainly do, but I'm not), in what way am I panicking?

chucknorris

Thrugelmir wrote: »

People do appear to have spent money on property to make their dream homes that will never be recovered.

The fools obviously thought that being happy in life was more important than making a few extra quid.

I do know what you mean though, but there are usually two sides to every tale.

Herzlos

Thrugelmir wrote: »

We are considering moving to another part of the country in the future. What's noticable from watching a particular locality. Is that property sells relatively quickly or it sticks. Much of the property that sticks has only be been reduced slightly in price and/or has location "issues". People do appear to have spent money on property to make their dream homes that will never be recovered.

We've seen that here too. Some properties are gone within the week (and we've missed some), whilst others are there for months. Usually the ones that have been heavily modified or in need of work.