Should I sell my house in the UK and buy abroad?

Thrugelmir

[Deleted User] said:

The house price insanity will never end. War, brexit, pandemics, nothing makes prices go down.

A new era of interest rates may come as a huge shock...........

MovingSiren

When we left the UK, our plan was to remain abroad for the foreseeable future. 5 years in and we're currently making plans to return as we're so far away from family. If we'd sold our UK home when we left in 2017, there's no way we would be able to afford the same house now.

Luckily for us, we have bought where we are as well and have some good savings behind us. So we will take our savings to the UK, leverage our existing UK equity and buy a new family home. We are in the process of doing that. Our previous nondescript family home in Norfolk has not only gone up in value but because we stayed on a repayment mortgage, we can take out enough to fund our new deposit and still have a 66% LVR in our existing home.

All our family are in the UK, our parents are getting too frail to travel and we want to maximise the time we all have left together. We may well head back out to NZ in the future as we have PR here as well. Interestingly, it seems many are making or planning to make the journey back.

We have had the same tenants for the past 5 years and so far have had no issues and long may that continue.

Woolsery

[Deleted User] said:

The house price insanity will never end. War, brexit, pandemics, nothing makes prices go down.

I'm not sure why Brexit should have reduced prices.

The so-called pandemic enabled an unprecedented transfer of wealth to the rich, who like to own property assets in different forms.

The war and sanctions around it is creating new trade and monetary relationships which will threaten the dollar and impact the UK, but who is to say how that will pan out? On a world scale, it's probably unimportant whether those manipulating the money supply and physical assets are Chinese, Russian or from Timbuktu. They will all find ways to squeeze the little people, like me and you, so I guess you're correct.

MobileSaver

theartfullodger said:

Were I younger I'd move abroad.  It's such a mess here now with the arrogant corrupt weak clowns in charge, the reduction in rights, the cost of leaving on top of covid, cost of living etc.

nick1234 said:

The UK is finished, if my job didn’t require me to be here id be gone

Genuine question for you both; which country would you move to and why?

To @Louloulous, are food and energy prices not also going up in Portugal?

[Deleted User]

Thrugelmir said:

[Deleted User] said:

The house price insanity will never end. War, brexit, pandemics, nothing makes prices go down.

A new era of interest rates may come as a huge shock...........

I have a feeling it won't make prices go down.

[Deleted User]

Woolsery said:

[Deleted User] said:

The house price insanity will never end. War, brexit, pandemics, nothing makes prices go down.

I'm not sure why Brexit should have reduced prices.

The so-called pandemic enabled an unprecedented transfer of wealth to the rich, who like to own property assets in different forms.

The war and sanctions around it is creating new trade and monetary relationships which will threaten the dollar and impact the UK, but who is to say how that will pan out? On a world scale, it's probably unimportant whether those manipulating the money supply and physical assets are Chinese, Russian or from Timbuktu. They will all find ways to squeeze the little people, like me and you, so I guess you're correct.

The economy has taken a huge hit from brexit, and it's still getting worse. Normally when the economy is getting hammered it means people have less money to spend on property. In this case though it hasn't happened.

MEM62

[Deleted User] said:

Woolsery said:

[Deleted User] said:

The house price insanity will never end. War, brexit, pandemics, nothing makes prices go down.

I'm not sure why Brexit should have reduced prices.

The so-called pandemic enabled an unprecedented transfer of wealth to the rich, who like to own property assets in different forms.

The war and sanctions around it is creating new trade and monetary relationships which will threaten the dollar and impact the UK, but who is to say how that will pan out? On a world scale, it's probably unimportant whether those manipulating the money supply and physical assets are Chinese, Russian or from Timbuktu. They will all find ways to squeeze the little people, like me and you, so I guess you're correct.

The economy has taken a huge hit from brexit, and it's still getting worse.

Sources / references please.