30% fall in property if no deal brexit

triathlon

buglawton wrote: »

What normally happens when property prices and the £ dip sharply is that rich foreign investors snap up residential city properties thus driving locals even further out of the market. These investors often hold their properties empty. They're also able to avoid the stamp duty penalty by buying in batches like Jeremy Hunt did.

The price effect then ripples out to the suburbs as locals exit city centres.

Foreign investors nowadays look further afield, they're all over Manchester and Bath now.

A real price crash would need a Corbyn type clampdown on property investment. (Which would bring all new residential construction to a halt). Corbyn comes with a major stock market fall and I can imagine even foreign exchange controls.

Can't have it all, can we?

What we should have been doing while in the EU and hopefully remain is keep up the policy of investing foreign money in the UK in property and maybe shipping, in my view "willing" many British low paid and welfare claimants to the many now empty villages and towns in Italy, Spain and even France, some of the villages are going for just £1000's and been empty for years, shouldn't that be how the EU should be working?

The-Joker

triathlon wrote: »

What we should have been doing while in the EU and hopefully remain is keep up the policy of investing foreign money in the UK in property and maybe shipping, in my view "willing" many British low paid and welfare claimants to the many now empty villages and towns in Italy, Spain and even France, some of the villages are going for just £1000's and been empty for years, shouldn't that be how the EU should be working?

Many of these empty villages around Europe are slowly filling with immigrants who just squat there long term

Same could happen to the uk in rural areas

buglawton

BobQ wrote: »

I do not see huge inward investment into Wigan, Grimsby or Devizes This London centric view of life is quite boring to most of the...

London must be on your mind but thanks for the implicit misquote anyway. City-centric is as far as I wanted to go. As for your jaundiced opinion of things London... that one's on you.

The-Joker

This thread should be renamed WILL THE NEXT GENERATION BE ABLE TO AFFORD TO BUY THEIR OWN HOMES EASIER THAN TODAY?

MobileSaver

The-Joker wrote: »

This thread should be renamed WILL THE NEXT GENERATION BE ABLE TO AFFORD TO BUY THEIR OWN HOMES EASIER THAN TODAY?

The answer would simply be "No" so quite a short thread...

phillw

The-Joker wrote: »

Many of these empty villages around Europe are slowly filling with immigrants who just squat there long term

Same could happen to the uk in rural areas

Rural areas in the UK are already full of undesirables, it would at least bring an end to the monotony.

RealElement47

phillw wrote: »

Rural areas in the UK are already full of undesirables, it would at least bring an end to the monotony.

Your wish may come true in the next property crash

triathlon

RealElement47 wrote: »

Your wish may come true in the next property crash

How many year/decades have you been saying that now?

At best I would give the chance of a property crash 15% in the next decade, what about you?

And everyone else for that matter, what odds do you give?

P.S not related to 30% price fall nonsense, but yet again over the weekend watched an argument with a daft Brexiteer announcing civil war was on it's way, what is the matter with these people

wymondham

Its all going to be so disappointing when we leave with no deal, house prices don't crash and no recession. I fear for talk radio type stations, what will be discussed?

DannyGold

wymondham wrote: »

Its all going to be so disappointing when we leave with no deal, house prices don't crash and no recession. I fear for talk radio type stations, what will be discussed?

Or you will be so disappointed with no deal and the start of a very long slow decline in house prices and slip into a long overdue deep recession......