If You cannot beat them join them.. Brexit will pump the market

Crashy_Time

triathlon wrote: »

Cambridge
Manchester
Winchester
Oxford
Exeter

And so many of the rural areas such as the Cotswolds, Surrey and Kent just for starters

https://www.rightmove.co.uk/property-for-sale/property-75465896.html

50k price drop.

MobileSaver

Crashy_Time wrote: »

https://www.rightmove.co.uk/property-for-sale/property-72879227.html 45k price drop.

Yes, it looks like across the board Oxford prices have dropped by 3.57% over the last 12 months.

https://www.zoopla.co.uk/house-prices/oxford/

So only a further 86% drop needed and your decision to sell to rent all those years ago will have been proven to be the right one. Go Crashy! Maybe you'll show 'em yet?!?

Crashy_Time

MobileSaver wrote: »

Yes, it looks like across the board Oxford prices have dropped by 3.57% over the last 12 months.

https://www.zoopla.co.uk/house-prices/oxford/

So only a further 86% drop needed and your decision to sell to rent all those years ago will have been proven to be the right one. Go Crashy! Maybe you'll show 'em yet?!?

Doesn`t help the sellers above dropping their price by 10% much though does it, or the people who bought last week?

MobileSaver

MobileSaver wrote: »

So only a further 86% drop needed and your decision to sell to rent all those years ago will have been proven to be the right one.

Crashy_Time wrote: »

Doesn`t help the sellers above dropping their price by 10% much though does it, or the people who bought last week?

Er, you do realise that you are talking about asking prices being reduced?!? For all you know the asking prices may be 50% more than the sellers paid and/or 10% more than the market value of similar properties so dropping 10% means absolutely diddly squat! :rotfl:

Crashy_Time

MobileSaver wrote: »

Er, you do realise that you are talking about asking prices being reduced?!? For all you know the asking prices may be 50% more than the sellers paid and/or 10% more than the market value of similar properties so dropping 10% means absolutely diddly squat! :rotfl:

It means that people know they can`t kite fly any more, and especially in markets like Oxford that is a big sea change IMO. The drops that you mentioned also feed into the sense that the bubble money is slipping away and pushes people to cut their price further if they want to sell.

RelievedSheff

MobileSaver wrote: »

Er, you do realise that you are talking about asking prices being reduced?!? For all you know the asking prices may be 50% more than the sellers paid and/or 10% more than the market value of similar properties so dropping 10% means absolutely diddly squat! :rotfl:

It is like talking to a brick wall. In fact you might get more sense from the wall :rotfl::rotfl::rotfl:

Drawer_full_of_socks

Desperate much.... I see you're still picking out individual properties and rejoicing when the ASKING price has been lowered...... You don't usually mention if they're asking for 25% more than the last sale price etc.

The North West region is booming at the moment. Looking at purchasing a 2nd property but prices are rising rapidly.

DaMoon

The simple truth is that no one knows what will happen to asset prices. If they did, they'd be rather rich after placing the relevant bets in the derivatives markets. However, at the current time our currency is relatively cheap, making British assets attractive to foreign investors who can plant their wealth in a country where people and businesses have property rights.

lvader

DaMoon wrote: »

The simple truth is that no one knows what will happen to asset prices. If they did, they'd be rather rich after placing the relevant bets in the derivatives markets. However, at the current time our currency is relatively cheap, making British assets attractive to foreign investors who can plant their wealth in a country where people and businesses have property rights.

It's a minefield, I have retired early due to health issues (pancreatic cancer) and the whole Brexit thing is so big that either remain or leave can have a big effect on investments/assets. Betting big either way is quite risky.

lisyloo

lvader wrote: »

It's a minefield, I have retired early due to health issues (pancreatic cancer) and the whole Brexit thing is so big that either remain or leave can have a big effect on investments/assets. Betting big either way is quite risky.

Sorry to hear about your disagnosis.
Isn't a diversified portfolio a good idea and not betting big?
yes you might never be a millionaire but you wont lose big either.
My pension has been about level because the overseas assets are balancing out the UK ones.
I don't think anyone really has any idea how this is going to go.