scottish independence property prices

JulieRight

hello,
with scottish independence increasingly likely, how will it affect property prices in scotland - particualary Edinburgh? will prices plummet as Scotland is no longer part of the UK and as the SNP are anti wealth and will bring in more controls on landlord, will we see lower rents and prices across the market? would would the initial shock be to the housing market in Edinburgh if scotland leaves the uk as I guess it will take them a few years to rejoin the EU? thanks. I worry that if I buy now the price of my flat could half?

dimbo61

Why do you think rents will decrease ?
Many Landlords are already selling up and the huge demand for rental property may drive rental costs higher ! 
The more control central government have the more Rental properties will be sold.
Great if the Scottish government wants to build thousands of New homes fit for the huge flood of Scottish people who will return from all over the world.

ProDave

At the moment people from England can't move here fast enough and houses here sell in days.  So those buyers are not perceiving an issue.  Either they don't see independence as a real possibility, or perhaps they are remainers hedging their bets on getting back into the EU?

But I speak as someone in rural Highland and the perception here is people cannot get out of te cities (mostly in England) fast enough.

I do have a property to sell but can't because it is tenanted, so I would love a crystal ball to tell me how long this insane sellers market is going to last?  History suggests a boom like this can only go on so long and it is followed by a slump, and even if prices don't drop buyers disappear and nothing sells (wic is why te property is tenanted because 5 years ago it would not sell)

GaleSF63

JulieRight said:

hello,
with scottish independence increasingly likely, how will it affect property prices in scotland - particualary Edinburgh? will prices plummet as Scotland is no longer part of the UK and as the SNP are anti wealth and will bring in more controls on landlord, will we see lower rents and prices across the market? would would the initial shock be to the housing market in Edinburgh if scotland leaves the uk as I guess it will take them a few years to rejoin the EU? thanks. I worry that if I buy now the price of my flat could half?

Is it? 

.

theartfullodger

Sunlit uplands, sunlit uplands. Just as the English government promised.

Scottish property prices have been rising quite strongly, someone must know something. A crying shame as I sold one house Feb 2020 and another house September 2020 up there, would have made more had I delayed. (Selling due to age-73- and ill health).

NB It's possible to be an SNP member living in England.

 Slàinte mhath!

JulieRight

GaleSF63 said:

JulieRight said:

hello,
with scottish independence increasingly likely, how will it affect property prices in scotland - particualary Edinburgh? will prices plummet as Scotland is no longer part of the UK and as the SNP are anti wealth and will bring in more controls on landlord, will we see lower rents and prices across the market? would would the initial shock be to the housing market in Edinburgh if scotland leaves the uk as I guess it will take them a few years to rejoin the EU? thanks. I worry that if I buy now the price of my flat could half?

Is it? 

.

yes I believe so as the polls say so and Nicola keeps pushing and is now likely to get her indyref 2.. 

Ditzy_Mitzy

ProDave said:

At the moment people from England can't move here fast enough and houses here sell in days.  So those buyers are not perceiving an issue.  Either they don't see independence as a real possibility, or perhaps they are remainers hedging their bets on getting back into the EU?

But I speak as someone in rural Highland and the perception here is people cannot get out of te cities (mostly in England) fast enough.

I do have a property to sell but can't because it is tenanted, so I would love a crystal ball to tell me how long this insane sellers market is going to last?  History suggests a boom like this can only go on so long and it is followed by a slump, and even if prices don't drop buyers disappear and nothing sells (wic is why te property is tenanted because 5 years ago it would not sell)

But surely in the event of independence, the Scots can kick out all the newly designated illegal English aliens and have all the houses back for conversion to wind powered eco-flats for Syrian refugees.  We, us south of the border, will have to set up displaced middle-class remote worker processing centres in Newcastle and Carlisle.  

On a serious note about Scottish property prices: you'll need a currency first!  

zagubov

Edinburgh's 20-odd consulates will need to be upgraded to embassies. I knew someone who sold their home there after devolution and it became a consulate for an EU country.

justworriedabit

Hi OP

Just look at their budget forecast at the last indy vote and how accurate, or more a case of inaccurate that was. So check the figures and work out where an Indy Scotland will be if they do get the indy vote and I hope they do as the SNP is saying the majority want that.



Good luck.

GaleSF63

justworriedabit said:

Hi OP

Just look at their budget forecast at the last indy vote and how accurate, or more a case of inaccurate that was. So check the figures and work out where an Indy Scotland will be if they do get the indy vote and I hope they do as the SNP is saying the majority want that.



Good luck.

They are hardly likely to say people don't want it!

davidmcn

JulieRight said:

the SNP are anti wealth and will bring in more controls on landlord, will we see lower rents and prices across the market?

How the rented sector is regulated (and much of the rest of the housing market) has been devolved since the last millennium, so I don't see why independence would really change things like control on rents.

would would the initial shock be to the housing market in Edinburgh if scotland leaves the uk as I guess it will take them a few years to rejoin the EU?

It would take a few years to achieve independence in the first place, and given support for independence has bouncing around the 50% mark for the past seven years, I expect it's already priced into the market to a large extent.

I worry that if I buy now the price of my flat could half?

So what would you do otherwise? Carry on paying rent for several years, while you watch the property prices (probably) go up?