Housing market after Brexit

PolinaS

Hi, we are intending to buy a house in the next few months. I am not a financial person. How likely are the house prices to rise after Brexit?

Best wishes,

Polina

Alan2020

Some people say after Brexit houses will become so expensive that no one can afford it, whilst others say that they will drop in price such that you have to pay people to take the house off you. /fake news alert

Who knows?

davidmcn

I doubt anything dramatic will suddenly happen to house prices immediately after Brexit, if that's what you mean? The market has had over three years to get used to the idea of some sort of Brexit (possibly) happening in the near future. Any effect it does have could take years to settle down.

AdrianC

Give me the date and terms of Brexit, with 100% certainty, and I'll give you a clue as to the effect on house prices.

Tomg84

House prices may go up, down or sideways. House prices may even do the macarena if we get a no-deal Brexit.

phill99

Well I'm more annoyed that I will no longer be able to use my Continental Quilt after Brexit and that there will be a supertax on Continental Breakfasts.

Crashy_Time

davidmcn wrote: »

I doubt anything dramatic will suddenly happen to house prices immediately after Brexit, if that's what you mean? The market has had over three years to get used to the idea of some sort of Brexit (possibly) happening in the near future. Any effect it does have could take years to settle down.

Nobody until fairly recently believed there could be a so called "Hard" Brexit, it was just a scary word until it became obvious how much trouble the Tory party will be in if they don`t actually leave.

oddjobbpb

Even worse than that, Chris Eubank will have to be called Chris Bank.

AdrianC

Crashy_Time wrote: »

Nobody until fairly recently believed there could be a so called "Hard" Brexit, it was just a scary word until it became obvious how much trouble the Tory party will be in if they don`t actually leave.

supa34

They have to leave by 31st not for the good of the people they serve but to benefit their bank accounts. If conservative don't leave by 31st they will lose next General election.

The Europeans get into work in September so they have a month to renegotiate what May did in 3 years.

So most likely outcome is a no deal.

How does that affect house prices? How does it affect jobs? How does it affect food prices and inflation?

Work it out

I just spoke to a friend of mine who has worked in a famous supermarket for over 20 years. Called into office with union rep and told to sign a new contract with now minimum pay and less hours than what he was on. The supermarket are not making enough profit and are expecting the worse in the coming month. Another supermarket in town has got rid of butchers counter and fish counter and slashed jobs. 5 till cashiers have left and not being replaced.

Looking into that I would expect the worse. It won't make any difference to the guys negotiating the deal as the uare on over 50k a, year with perks and pension. It's the normal folks that will suffer.

But public wanted a brexit, give them the brexit.

Freecall

AdrianC wrote: »

I don't want to get too nostalgic but I remember long ago, when I was much younger, phrases like 'frictionless trade' and 'having our cake and eating it' were widely used.

Ah, those were the days...