Post Brexit strategies

Telegraph: Post-Brexit property planning: should you buy, sell or stick?

Short term = price falls the ''experts'' predict

Posted by tom101 @ 02:34 PM 1 Comments

Summer tipped for rate cut by Governor as he pledges he won't "walk away" from the job

Independent: Brexit: Bank of England Governor signals interest rate cut

He may end up getting kicked out. So, my long predicted rate cut is about to come to pass. Expectations are that it will be a 25bp cut to 0.25%. However, 2yr Gilts are being bid up bigly, to quote the next President of the USA, with rates collapsing on those to 0.105% I am expecting these to fall into negative territory forcing the BOE, which reacts to and competes with the market and is not in control, to cut to 0%, followed by negative rates to come as Britain becomes a safe haven whilst the EU becomes the focus of short positions and disintegration concerns. House prices are about to soar as this combines with FOREX house price discounts to foreigners who will flood in to front run border controls.

Posted by libertas @ 03:11 AM 6 Comments

Thursday, Jun 30, 2016

Bad news for London Property Buyers

BBC: Singapore bank UOB suspends London property loans

One bank suspends loans. Others tightening their criteria, pointing out that even if prices don't fall the exchange rate risk is high.

Posted by tenyearstogetmymoneyback @ 07:18 AM 3 Comments

Wednesday, Jun 29, 2016

Maybe this will finally get rid of this appalling, dishonest practice

Casehub: Letting Agent Fees class action lawsuit

This summer, CaseHub is launching the once-in-a-generation fight back against extortionate letting agent practices. If you have a gripe with your past or current letting agent, this case is a must-watch. As the niceties of the class action are still being sorted, we invite you to sign up to our mailing list beforehand: join us on and be one of the first people in the movement to help the fight back.

Posted by mombers @ 01:12 PM 0 Comments

Good news for London house buyers

The Guardian: UK house price growth up in final set of figures before vote to leave EU

"Samuel Tombs, the chief UK economist at Pantheon Macroeconomics, said: “Following the referendum, demand likely will weaken as unemployment begins to edge up and confidence falls. Meanwhile, banks soon will reflect the recent increase in funding costs in their mortgage rates. Prices in London look particularly vulnerable, given that job insecurity has increased in the City and banks will be thinking twice about high loan-to-income lending.” Foxtons, the London-focused estate agent, issued a profit warning this week. It believes that the vote to leave the EU will limit property sales in the capital for the rest of the year."

Posted by wdbeast @ 10:19 AM 1 Comments

A flood of foreign money will pour into London’s post-Brexit housing market

Evening Standard: Brexit: 'Foreign money will pour into London's property market' according to expert

Foreign investors are apparently seeing huge savings after the value of the pound plummeted following the leave vote. Luxury estate agent John Taylor said since referendum, they have received higher offers on property than all other offers made since the start of the year. John Taylor managing director David Adams said: “I was inundated with more calls from the Middle East on Friday than any other day of my career."

Posted by libertas @ 07:54 AM 6 Comments

Tuesday, Jun 28, 2016

The Fergus saga continues.....

Torygraph: Britain's biggest landlord caught in Brexit turmoil - as he attempts to sell 1,000 properties

Is this not emblematic of the UK's housing market as the illusionary wealth of House Price Gains is so difficult to realise in the aggregate & can only rely on suckers mortgaging their lives away.

Posted by pete green @ 09:08 AM 2 Comments

Friday, Jun 24, 2016

Stagnation and Decline (House Prices)

Telegraph: House prices to fall 5pc nationwide and tumble even further in London as worried home buyers back out

House prices and transaction levels will be hit by a "short, sharp shock for a quarter", as buyers pull out of chains amid the uncertainty that the vote to leave the European Union has created. Property experts warned that chains could collapse as worried buyers pull out of transactions or invoke "Brexit clauses", which allow them to back out if they don't like the outcome of the referendum.

Posted by tom101 @ 03:18 PM 14 Comments

EU edit expected to end UK house price boom

Financial Times: Brexit to end

Explains why all day - TODAY OF ALL DAYS - I have been receiving emails from estate agents telling me now is a good time to buy as a boom is just round the corner.

Posted by sneaker @ 02:39 PM 0 Comments

Could this trigger the big one ?

BBC: Pound falls heavily as EU vote results come in

This is making 2008 seem like a minor hiccup. I remember 1992 when interest rates hit 14%. Of course Libertas might e right and next year your house might be worth £1000000000 or was that Zimbabwe dollars ? Is this the final punishment of the boomers against generation rent ? A lot of the boomers won't be happy when they see the price of their next BMW. Wait for the cries of "BoJo didn't tell us this would happen"

Posted by tenyearstogetmymoneyback @ 03:53 AM 18 Comments

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