Housing market after Brexit

nkomp18

In a no-deal brexit scenario expect house prices to plummet. I think the last estimate was by 33% but I expect a lot more.
Since BoJo is a fan of no-deal brexit, and since no-deal is the default outcome at the moment, I would certainly not risk it.

sal_III

Brexit or not, the housing market is overheated in London and SE, prices already stagnate an there are small dips in some areas. AFAIK the rest of the country is not doing much better. So I doubt there will be much of a rise in house value, at least not much over inflation.

Personally I'm planning for a crash so I can repay the HBT EL on the cheap

theartfullodger

After Brexit houses will be free. Because Brexit is about freedom. So says Fromage.

FTBAngst

It’s all a mystery. If someone said it was likely that prices would go down after brexit would you wait? It’s been delayed a number of times. If you’re looking for a place to live why not just go for it?

FTBAngst

It’s all a mystery. If someone said it was likely that prices would go down after brexit would you wait? It’s been delayed a number of times. If you’re looking for a place to live why not just go for it?

SpiderLegs

nkomp18 wrote: »

In a no-deal brexit scenario expect house prices to plummet. I think the last estimate was by 33% but I expect a lot more.
Since BoJo is a fan of no-deal brexit, and since no-deal is the default outcome at the moment, I would certainly not risk it.

Utter utter utter garbage.

markin

supa34 wrote: »

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.

Come on name it, I Bet they will all still make 300M no matter what happens.

Its not the German ones struggling is it, If you can call it struggling...

.ASDA 2018 Operating profit of £735.4m,

.Tesco Operating profit £933 million at the UK's largest food retailer in the six months the end of August 2018 on sales of £28B. 2017 Retailer makes profit of £1.64bn on sales of £57.5bn

.Sainsbury's said it continues to expect pre-tax profit of £629m in the 2018/19 financial year. Revenue £28.456 billion


.Morrisons Pre-tax profits have grown to more than £400m,
Total revenue increased to £17.7bn

jimbog

supa34 wrote: »

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.

I would have thought he still would need a place to live

LadyTC

Just to put a perspective on this - We put our property on the market (Bucks) for £675K (a fair price for the area/location a couple of weeks ago) and we have not had a single enquiry!!

All the estate agents around these parts report a ''dead''market' and really don't care what sort of Brexit occurs - as long as action is take and quickly.

One agent claims that most properties in Bucks will be 10% more expensive in 3 years' time to make up for the recent stagnation and some falls in certain areas with a big proviso... No Corbyn in government.

Just one view but nobody really knows

jimbog

nkomp18 wrote: »

In a no-deal brexit scenario expect house prices to plummet. I think the last estimate was by 33%

Incredible degree of certainty. Not as little as 32% nor as much as 34% but instead 33%. Source?