Debate House Prices
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Brexit, the economy and house prices part 5
gfplux
Posts: 4,985
Forumite
Part four has disappeared so here is part five.
Apparently house prices in London are falling due to Brexit
Apparently house prices in London are falling due to Brexit
There will be no Brexit dividend for Britain.
What will any "Exit from Brexit" bill from the EU be? 181 votes
More than the proposed Brexit bill
56%
102 votes
About the same as the Brexit bill
10%
19 votes
Less than the Brexit bill
33%
60 votes
0
Comments
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Good news for folk trying to move on/up the ladder, bad news for those relying on the prices. Does that mean people have less to spend or just aren't buying?0
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Good news for folk trying to move on/up the ladder, bad news for those relying on the prices. Does that mean people have less to spend or just aren't buying?
I don't really have a lot of sympathy for those with price drops in London, looking at the year on year annual growth. Your average Joe has been priced out in most parts for years.0 -
There is no housing problem or crisis in the UK
London is expensive because a lot of London buyers buy with capital not income.
London isn't particularly expensive compared to say Paris.
https://parispropertygroup.com/blog/2017/paris-real-estate-defying-all-predictions-for-2017/
The more expensive parts of Paris are 12,000 euro/sqmsqm while the cheapest cost 6,500 euro/sqm
That means a 150sqm home would cost 0.975 million euro in the cheapest area and 1.8 million Euro in the expensive areas.
In zone 2 Hackney London a 150sqm terrace costs about £1m so quite similar to the cheaper areas of Paris.0 -
IIRC, during the referendum campaign, George Osborne said that house prices would fall if the vote was for leaving. Maybe that's a reason why the leavers won.0
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Ok I'm going to leave you guys to it. I'm off to the Discussion Time Board.0
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setmefree2 wrote: »Ok I'm going to leave you guys to it. I'm off to the Discussion Time Board.
What's that?:D0 -
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posh*spice wrote: »Money Savers Arms Board - right at the bottom on forum front page. Thread up and running.
Thread has Brexit News Links in the title
Brilliant! Thank you. Wasn't aware of its existence!0 -
This discussion has been closed.
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