Off Topic EU deabte. Which way are you voting ?

According to zoopla my house has risen in price by £4000 in the last week

Looking good in the Midlands

 

I'll just leave it there fella.

 

It's never looking good in the Midlands Custard.

 

The non EU UK immigration cap is a UK policy.

It doesn't make the free movement of people within the EU a 'racist' policy as it's something our Govt has chosen to install you dolt.

 

Are you serious? Can you send me a link for that property if it's really devalued 100k in 2 months, i want in! Sounds like a bargain especially when no doubt that the forces of remain will ensure we stay in

 

Deadly serious. When you have a commodity that is heavily overpriced it is not unusual for it to fall dramatically when market sentiment turns against it. Shares in the property companies and UK banks dipped 30% the days after Brexit. Why would you query a property devaluing by 20% in an uncertain market where there are literally no buyers at the minute? Did you query the drop in share prices? Probably not as it was there in red for everyone to see.

I can send you his number if you like.

 

Now is not the time to stick your dosh into property investments mate, have a gander at what the marker investors are doing with their property investments at present.

Give it a year or 2 and wait for the market to bottom out and the repossession avalanche to kick in, there'll be some right bargains around then.......

 

**** me, you're sitting on a gold mine! Sell now and live off the profit.

 

http://www.telegraph.co.uk/personal...s-housing-and-mortgage-markets-crank-back-to/

A View that is supported by a couple of estate agents I know.

 

Understand what you are saying but London is still very cosmopolitan and people have been going on about a housing bubble for a while. However, at its worse in the credit crunch i don't think house prices dropped more than 50% (i may be wrong, i wasn't looking back then)

At worse, it will be a long term hold and my view on this is that we won't exit Europe anyway. There are still a lot of net migration into london and at the very worse, rent will cover the mortgage. I don't see there being a change in the job situation in London, maybe not the growth we're seeing but certainly not a dip that would mean people leaving london.

As for Repos, i don't see that happening without these professional office jobs (it certainly won't be working class who probably cannot afford in london or if they did it was years and years ago at very low prices) being lost and/or without interest rates going up.

At 425 is that a 1 bed?

Maybe i'm reading the situation all wrong though

 

London house prices won't be the hardest hit, they will be the least damaged.

 

I don't tend to disagree. It will be central London residential that will really be hit. The knock on effects of that won't be felt in the regional housing markets but it will be felt by the economy in general as lack of overseas investment into London is a negative. Commercial property is obviously ****ed at the minute.

 

Of course we are not going to exit Europe - I don't even think it's possible. What continent would we become part of?
We are going to exit the EU.

 

Not so sure, the buy to let market may drop off with the new laws in place.

 

"Maybe it's because I'm London that I love London town"

 

It's a studio.

I love this bit of your post....i don't think house prices dropped more than 50%

 

The rule on interest are so badly designed and they are going to be phased in anyway I would suggest that there's every chance of getting repealed. The SDLT increases are ridiculous.

 

What new laws in relation to leaving the EU, or uncertainty about leaving the EU? As that is the point I was answering.

 

Ummm.....OK!

Have a look at Nine Elms. Sales were averaging out at £1400psf. You can pick them up for under £1000psf now.

Off plan buyers are dropping their deposits rather than complete on their purchases.

Central London has been struggling since the start of the year. Brexit is currently hammering it.

If you're in Zones 1-3 you're ****ed. If you're outside of that you'll be fine.

 

Other than areas which were already seeing a decline in house prices before the brexit stuff, which are mainly the mega rich areas, can you post me some links to show the decline in house prices in London?

According to the link I posted most people are completing on there purchases with a lower than normal rate of people pulling out. And the favourable exchange rate for foreign investors is sparking new interest in the high end of the market.