Can you imagine the destruction in the UK if the property market crashed

lisyloo

Crucially low transactions are not translation into price falls.
We are a long way from a crash in fact I’m suprised how well it’s holding up 3 months before brexit.
Remarkably resilient I’d say and will continue to be whilst we have 1/3 rd million net immigration per annum as the simple fact is all those people need somewhere to live.

edgex

How does any of that match with;

"The property market is likely to stage a Brexit “relief rally” over the summer, according to Britain’s biggest property website, as it revealed signs of bounceback in prices over the past month."

MobileSaver

edgex wrote: »

How does any of that match with;

"The property market is likely to stage a Brexit “relief rally” over the summer, "

Rightmove got it wrong about the "a window of relative certainty in uncertain times"?

I don't think anyone has any certainty what may or may not happen regarding Brexit or what the repercussions may be. It is hardly surprising that some people are choosing to delay probably the biggest financial decision of their lives...

lisyloo

edgex wrote: »

How does any of that match with;

"The property market is likely to stage a Brexit “relief rally” over the summer, according to Britain’s biggest property website, as it revealed signs of bounceback in prices over the past month."

Vested interested is biased?

When was that prediction made? Was it when brexit was expected in March?
It is possible for things to rally if they aren’t as bad as expected, but that’s now been postponed/extended.

Even if they weren’t biased, any prediction can still be wrong.

RelievedSheff

lisyloo wrote: »

Even if they weren’t biased, any prediction can still be wrong.

Indeed, evens those predicting a crash can be wrong:rotfl:

Crashy_Time

phillw wrote: »

Farage is part of the elite wanting to achieve higher rents & brexit was the vehicle to make it happen.



My guess is incompetence.

How does Brexit achieve higher rents?

Herzlos

Crashy_Time wrote: »

How does Brexit achieve higher rents?

More people moving from ownership to rentals based on job losses and tightened lending criteria.

lisyloo

Crashy_Time wrote: »

How does Brexit achieve higher rents?

you are yourself encouraging/advising people not to buy.
Well they need somewhere to live and that will likely be rental so demand will increase.

Crashy_Time

Exodi wrote: »

*50 years later*

By God it`s worth X and I will get X whatever that b*loody website says!

Crashy_Time

Herzlos wrote: »

More people moving from ownership to rentals based on job losses and tightened lending criteria.

Most of the job losses will be people leaving rentals and moving back to EE IMO, most of the middle class non-job types that rely one way or another in being in the EU will eat their own children before giving up the bubble mortgage, they will borrow from parents other family, eat beans every day before going into rental, that means more people staying put and less renters, meaning lower rents and house prices.