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550 Jobs To Go In Basingstoke

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Pharma jobs are very well paid too, with excellent benefits. They won't be easily replaced.

Let's see if this has an effect on the Basingstoke property market.

Vodafone recently announced 400+ job losses up the road in Newbury, yet last week's Newbury local paper reported local agents saying the staff cull was having no effect on the local property market. (Vodafone is by far the largest employer in Newbury).

I suspect it takes time for even quite large scale redundancies to percolate through to the housing market.

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Vodafone recently announced 400+ job losses up the road in Newbury, yet last week's Newbury local paper reported local agents saying the staff cull was having no effect on the local property market. (Vodafone is by far the largest employer in Newbury).

I suspect it takes time for even quite large scale redundancies to percolate through to the housing market.

Vod, like Eli, is a high paying employer. The professional staff there will have good pensions and probably lots of savings. They will not be taking quick action. They'll be biding their time, hoping to move to another part of the country and a good job.

At some point they'll have to make decisions - if it were me it would be around a year.

Rollin', rollin', rollin'...

:D fp

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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