Brexit (Old)

[Pierre]

Originally Posted by mrmistoffelees

Some remainers are concerned about the potential increase in food prices.

food prices for many products would in all likelihood drop, as we wouldn’t need to apply EU tarriffs

[jfman]

Originally Posted by Pierre

food prices for many products would in all likelihood drop, as we wouldn’t need to apply EU tarriffs

Remaining in the UK would see the pound rise which would cause a drop in the price of all produce, including that which we import from the EU on a zero tariff basis.

[Pierre]

Originally Posted by jfman

Remaining in the UK would see the pound rise

You sure about that?

Also i didn’t think leaving the UK was on the cards, but i can dig an independent Yorkshire.

[jfman]

Originally Posted by Pierre

You sure about that?

Also i didn’t think leaving the UK was on the cards, but i can dig an independent Yorkshire.

Ooops

[papa smurf]

Originally Posted by Pierre

You sure about that?

Also i didn’t think leaving the UK was on the cards, but i can dig an independent Yorkshire.

With a backstop for the Humber bridge

[jonbxx]

Originally Posted by Hugh

https://cyprus-mail.com/2019/01/18/p...r-cyprus-flag/

There will be lots of this over the next few weeks. It looks like I will be an employee of an Irish subsidiary rather than a UK one shortly with a new contract as part of Brexit preparations

[ianch99]

This is really interesting. At the moment, just impacting the small number of ultra rich house owners but as is the way with the property market, if this gathers momentum, it could turn into a significant market correction.

Not a bad thing in itself as house prices are way over inflated but it will sober minds somewhat as many are banking on their house being their pension asset when they retire or at the very least, hope to use some of the capital liberated in downsizing to fund their children's house buying prospects.

Up to 25% wiped off house prices in some of UK's wealthiest areas

House prices in some of Britain’s wealthiest areas have had up to 25% wiped off their value in 12 months as Brexit turmoil continues, according to the estate agent Your Move. That has meant typical price falls in some cases of almost £500,000.

Meanwhile, data from the property website Rightmove revealed the average asking price of a London home had fallen below £600,000 for the first time since August 2015, and was well below its peak of almost £650,000 reached a few weeks before the Brexit vote in 2016.

The two sets of figures come days after Britain’s surveyors issued an especially gloomy assessment, fuelled by the lack of clarity over Britain’s departure from the EU. On Thursday, the Royal Institution of Chartered Surveyors (Rics) said house prices were falling at their fastest rate in six years, and that the outlook for sales was the weakest in two decades.

I have a friend in Twickenham trying to sell her house at the moment and she is getting offers £150,000+ below the asking price. When she asked her agent why such low offers, they replied "Brexit".

Oh dear ..

[papa smurf]

Originally Posted by ianch99

This is really interesting. At the moment, just impacting the small number of ultra rich house owners but as is the way with the property market, if this gathers momentum, it could turn into a significant market correction.

Not a bad thing in itself as house prices are way over inflated but it will sober minds somewhat as many are banking on their house being their pension asset when they retire or at the very least, hope to use some of the capital liberated in downsizing to fund their children's house buying prospects.

Up to 25% wiped off house prices in some of UK's wealthiest areas



I have a friend in Twickenham trying to sell her house at the moment and she is getting offers £150,000+ below the asking price. When she asked her agent why such low offers, they replied "Brexit".

Oh dear ..

Fantastic news for first time house buyers, ya go brexit

[ianch99]

Originally Posted by papa smurf

Fantastic news for first time house buyers, ya go brexit

Not when those first time buyers are getting their essential deposit from their parents who have downsized to liberate these funds ...

[djfunkdup]

Originally Posted by papa smurf

Fantastic news for first time house buyers, ya go brexit

+1 Well said.

Can only be a good thing.We have started to see the positive effects of Brexit already and we are not even at March 29th yet

[papa smurf]

Originally Posted by ianch99

Not when those first time buyers are getting their essential deposit from their parents who have downsized to liberate these funds ...

Their parents should have bought low and sold high,it's their own fault for relying on the housing market for future finances.

What is the saying "You can't choose your parents"

[mrmistoffelees]

Originally Posted by papa smurf

Their parents should have bought low and sold high,it's their own fault for relying on the housing market for future finances.

What is the saying "You can't choose your parents"

Well, to a degree you can, i got shot of mine at age eighteen with no regrets.

[jonbxx]

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;

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.

Going to be great for foreign investors though - a 20-25% drop plus a 10% drop in the GBP:USD and GBP:EUR rates

[papa smurf]

Originally Posted by jonbxx

If you are a first time buyer in Kensington and Chelsea or Westminster with a couple of hundred grand deposit then yes;



Going to be great for foreign investors though - a 20-25% drop plus a 10% drop in the GBP:USD and GBP:EUR rates

Did you just make that up?

Originally Posted by ianch99

Not when those first time buyers are getting their essential deposit from their parents who have downsized to liberate these funds ...

Sad but unavoidable.

Sorry but I have very little sympathy for anyone who speculates on the property market, even when it’s the value of their own home they’re speculating on.

Houses are for living in, not for those who already have the means to purchase to bet on, forcing everyone else into life-long rental.

If Brexit slashes a third off house prices in the U.K. then that is to the long-term benefit of society.