30% fall in property if no deal brexit

PhilE

No, foreign buyers of property will likely immigrate, as seen in Canada.

The poorer immigrants will continue to do what they already have been doing, which is to 'disappear,' once their visa has run out. That's already been happening, which is why Indians coming to the UK have to pay so much for a visa.

Yes, East Europeans have been coming to the more developed countries of the EU. But deals with Asia and Africa means a focus of migration on the much smaller UK. And as we have less to offer than the EU we are leaving, we will have to accept less appealing trade terms to compete. India culturally hate us, and will probably be rubbing their hands with glee as they give us a bad deal.

So all you anti immigrant types will now have more immigrants to contend with. Together with unforseen economic consequences, we're all in for a rough ride with little likelihood of any real gain.

movilogo

India culturally hate us, and will probably be rubbing their hands with glee as they give us a bad deal.

As if Germany wants to be in bed with us. UK is culturally much closer to Commonwealth Countries than EU.

antrobus

lookstraightahead wrote: »

I think in the UK we place so much emphasis on owning a home that it's unhealthy. People get artificially wealthy, renters think they are poor. ....

UK home ownership is below the European average
http://www.businessfondue.com/2018/09/07/why-romania-is-a-nation-of-homeowners-while-switzerland-a-nation-of-tenants/

lookstraightahead wrote: »

There is a clear snobbery about house size and I really can't get it out if my head that it's all a pile of bricks.

Mine's a pile of bricks with a roof and central heating. I find these things useful. But what's your alternative?

lookstraightahead wrote: »

One earthquake, one tsunami, one bomb just flattens bits of material and then it's worth nothing.

I don't believe that any of these things specifically target property based on tenure.

chucknorris

lookstraightahead wrote: »

I think in the UK we place so much emphasis on owning a home that it's unhealthy. People get artificially wealthy, renters think they are poor. There is a clear snobbery about house size and I really can't get it out if my head that it's all a pile of bricks. One earthquake, one tsunami, one bomb just flattens bits of material and then it's worth nothing.

The building plot itself is worth quite a lot, especially where prices are high, like in the South East.

51mm5

lookstraightahead wrote: »

One earthquake, one tsunami, one bomb just flattens bits of material and then it's worth nothing.

In the unlikely event of any of those occurring all of us, renters and property owners alike will have more pressing matters to worry about.

michaels

So we are not going to see 30% off by Christmas then? Shame, could finally have afforded a detached house on a nice road and even avoided the most crippling bit of stamp duty.....

Jonbvn

lookstraightahead wrote: »

I think in the UK we place so much emphasis on owning a home that it's unhealthy. People get artificially wealthy, renters think they are poor. There is a clear snobbery about house size and I really can't get it out if my head that it's all a pile of bricks. One earthquake, one tsunami, one bomb just flattens bits of material and then it's worth nothing.

From a long term economic perspective, owning is a no-brainer.

Let's be clear that the size of your house is much less important than it's location. We like living in a nice area, with pleasant neighbours, good schools and low levels of crime. If that makes us snobs, so be it.

We have insurance to cover most eventualities. Last I looked, earthquakes and tsunamis are once in several generation events in the UK.

MobileSaver

lookstraightahead wrote: »

I think in the UK we place so much emphasis on owning a home that it's unhealthy. ... One earthquake, one tsunami, one bomb just flattens bits of material and then it's worth nothing.

Major natural disaster earthquakes in the UK?

Pictures of the damage were shared, including by Ross Hornby whose box of chocolates fell off a fridge.

:rotfl:

fatbeetle

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

I'm sure I've heard this before...

(2016)House prices could take an 18% hit over the next two years and there will be an “economic shock” that will increase the cost of mortgages if the UK votes to leave the EU, George Osborne has warned.

https://www.theguardian.com/politics/2016/may/20/eu-referendum-george-osborne-house-prices-brexit

The-Joker

fatbeetle wrote: »

I'm sure I've heard this before...

There has never been a time like this for the UK in living memory.

The no deal Brexit will start a property crash with 30% down, then slowly down more and more for years to come.