Housing market after Brexit

Crashy_Time

AdrianC wrote: »

Yes, that's precisely what "no deal" means - WTO default tariffs. And they apply equally to EVERY country that there's no trade deal with. So the EU cannot choose to exempt post-brexit UK without a trade deal well under way, unless they drop those tariffs for ALL countries without trade deals. And, for many items, 20% would be a massive reduction.

And, no, article 24 does not apply.

https://commonslibrary.parliament.uk/brexit/no-deal-brexit-and-wto-article-24-explained/

So back to my original point, you think the EU isn`t fussed too much about getting a trade deal with the worlds fifth largest economy?

AdrianC

Crashy_Time wrote: »

So back to my original point, you think the EU isn`t fussed too much about getting a trade deal with the worlds fifth largest economy?

Well, the EU thought they'd spent two and a bit years negotiating a deal with the UK. Except the UK then decided it didn't actually want that deal, remember...?

Which is why we're now here.

Crashy_Time

jimbog wrote: »

Accepting a 40% hit now would mean still mean a x6 increase in value compared to someone who sold and went into rented in the 90's

Is that including the Boris stamp duty cut (that won`t happen)?

Crashy_Time

AdrianC wrote: »

Well, the EU thought they'd spent two and a bit years negotiating a deal with the UK. Except the UK then decided it didn't actually want that deal, remember...?

Which is why we're now here.

It is a bad deal. My point is about whether you think the EU doesn`t want to make trade deals with the world`s fifth largest economy when that economy has full control of the deals it makes, not when the EU is calling the shots.

PasturesNew

You are better off buying one now. Then you're settled and can switch off the telly.

If you sit and wait .... when the market turns you might just miss the boat. Then you'll kick yourself.

I'm in the process of selling, desperate to buy again ASAP ... not found anything I like yet, but I don't like not knowing what my address is/will be.

AdrianC

Crashy_Time wrote: »

It is a bad deal. My point is about whether you think the EU doesn`t want to make trade deals with the world`s fifth largest economy when that economy has full control of the deals it makes, not when the EU is calling the shots.

And how long do you think that'll take?

The EU won't be the one suffering from the UK's parochialism in the meantime.

jimbog

Crashy_Time wrote: »

Is that including the Boris stamp duty cut (that won`t happen)?

It was your assertion, so I can't answer that I'm afraid

[Deleted User]

The uncertainty is certainly driving prices down for now. They may recover but I doubt it, the market has long been due for a correction.

So buying before may help you due to uncertainty, buying after may help you if it's a disaster and the economy sinks and somehow you don't go down with it.

Crashy_Time

AdrianC wrote: »

And how long do you think that'll take?

The EU won't be the one suffering from the UK's parochialism in the meantime.

The EU has plenty of problems of it`s own to worry about, we won`t be suffering while they make hay, that is just fantasy really IMO.