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

lvader

lisyloo wrote: »

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.

Yes balanced is the way to go, Brexit either way should be reasonably neutral for me. I'd be happy with either leave or remain if they could just get on with it.

triathlon

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:

Eventually Crashy will have his day, it's inevitable something will go wrong and his prayer for at least one day will come true. But as things stand I see no reason why this market cannot hold up for another several years minimum

the_flying_pig

triathlon wrote: »

...I had breakfast with several estate agents and a few other connected with property investment and many others that were in the financial field...

sounds like a big breakfast.

hmm, might there be an idea for a tv show or something there....?

Rich2808

What a charming post from the OP!

'No hopers and failures' - is that what we call most young people or those on below average earnings these days who can't afford to buy a home and therefore might like lower house prices? Its hardly a crime to want that if you are in that position - secure shelter is hardly optional? Just presumably as the OP wants prices to stay high - as they are old/middle aged and bought we assume when prices were cheaper. No crime in that either - but just be honest about it?.

No idea what impact Brexit - if it happens - will have on house prices. Probably less over time than interest rates, the health of the economy, the demand for housing from population growth, planning policies, government incentive schemes etc etc

PS If you ever need to find an Ebenezer Scrooge for your Xmas panto - PM triathlon?

triathlon

Rich2808 wrote: »

What a charming post from the OP!

'No hopers and failures' - is that what we call most young people or those on below average earnings these days who can't afford to buy a home and therefore might like lower house prices? Its hardly a crime to want that if you are in that position - secure shelter is hardly optional? Just presumably as the OP wants prices to stay high - as they are old/middle aged and bought we assume when prices were cheaper. No crime in that either - but just be honest about it?.

No idea what impact Brexit - if it happens - will have on house prices. Probably less over time than interest rates, the health of the economy, the demand for housing from population growth, planning policies, government incentive schemes etc etc

PS If you ever need to find an Ebenezer Scrooge for your Xmas panto - PM triathlon?

No thanks, do not need the money

elliotwave

triathlon wrote: »

I now have no doubts that UK property will rise on a no deal Brexit and the UK is already being flooded with foreign interest and should the UK leave with a no deal and the Pound plummets then it will be the early 2000's all over again

Fair comment really. But it assumes that foreign investment will continue in the prevailing climate. There are other non-brexit related forces at work here. It's clear that the current HPI boom has been caused by cheap credit, and increased foreign investment:-

https://www.independent.co.uk/news/business/news/house-prices-increase-foreign-buyers-money-property-market-kings-college-london-a8274106.html

This is increasingly unpopular and we are seeing measured being taken against foreign investors snapping up UK housing stock, but its the regulatory changes that could cause more problems:-

"Frontmen for anonymous foreign firms that invest in British property will face up to two years in prison and unlimited fines if the true beneficial owners of the property are not named on a public register"

...this is still draft legislation, but it looks like somewhere around 2021 it might see the light of day through parliament.

The threat of the above plus a fear factor associated with Brexit might be enough for foreign investors to pull the plug and get out now while they're ahead.