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Originally Posted by papa smurf
Fantastic news for first time house buyers, ya go brexit  |
If you are a first time buyer in Kensington and Chelsea or Westminster with a couple of hundred grand deposit then yes;
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The average house price in Kensington and Chelsea, the UK’s most expensive place to buy a home, dropped by more than a fifth (21.2%), during the last 12 months, from £2.25m to £1.77m.
In Westminster, the second most expensive area, typical prices fell by a quarter (24.8%), from £1.93m to £1.45m.
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Going to be great for foreign investors though - a 20-25% drop plus a 10% drop in the GBP:USD and GBP:EUR rates