Thursday, Nov 02, 2006

1500 migrants arrive in the UK daily while 1000 a day leave

BBC: 1,500 migrants arrive in UK daily

Considering the government admit to having no idea how many migrants have entered the UK this article should most probably be taken with a pinch of salt. However, the article does provide some level of depth and what is interesting is that a 1000 people a day leave the UK and over half of those are British.
What affect the high level of migration has on the house price inflation is difficult to gauge.

Posted by denzil @ 03:39 PM (364 views)
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8 Comments

1. waitingfor hpc said...

classic brain & money drain - people leaving with money - people coming in with none.

Thursday, November 2, 2006 05:07PM Report Comment
 

2. sirgoogle said...

We left the UK in 94. Its not all roses out here, as parents are getting older and frailer.

Can't afford to return now as had to sell up in 98.

Thursday, November 2, 2006 07:36PM Report Comment
 

3. tyrellcorporation said...

Where's 'here'? SG

Thursday, November 2, 2006 09:42PM Report Comment
 

4. sirgoogle said...

Netherlands

Thursday, November 2, 2006 11:28PM Report Comment
 

5. sirgoogle said...

Tell a lie - could afford to return - if we rented, or if we blew all of our savings on a poky house in UK (not a very sensible suggestion in the current market as I may as well take the cash out of the bank and burn it in the back garden for the good it would do me).

Thought about buying in Netherlands - but it is even more expensive here than UK - but it is a lot more stable due to the 12% Stamp Duty/Legal fees and sensible Govt release of land for building when the market did heat up in 2003. The IRs are lower (so far), the build quality is much much better - and they actually plan towns out here.

Thursday, November 2, 2006 11:36PM Report Comment
 

6. indiablue19 said...

Sir Google....

Understandable and probably what I am soon facing myself. Cashed in our chips in 2004; thought we heard the imminent rumble of HPC. Now its remain here and rent, buy half a house to live in, or take off for ??? Possibility of work in Brussels, but know nothing of the culture whatsoever, although my spouse worked there some years back and enjoyed the City immensely. Meanwhile will have an elderly parent along for the experience, so must be very prudent about our destination. Uplifting to hear that some countries plan what they are doing. Maybe it could catch on.

Thursday, November 2, 2006 11:58PM Report Comment
 

7. Steve1 said...

Cashed my chips on nov 2004.

Not worried at all by small increare in prices. Most of the rise was before then. Question to ask yourselves is how do you make money in housing now. Is there any potential upside compared to the downside potential.

Friday, November 3, 2006 09:28AM Report Comment
 

8. indiablue19 said...

Steve 1....

Well I had already done that one; investing temporarily in Spain and taking our profits when prices had nearly doubled. Even so, repatriating the funds to UK within a reasonable time frame, we'd hardly kept pace [2003 - 2004]. We were so astounded by the increase in prices here we felt sure there MUST be HPC on the horizon -- and that's been two years. I understand what you're saying, but thinking of investment abroad one more time isn't really very appealing. It's VERY hard work if you let out your foreign investment and a tremendous amount of adjustment [and expense] if you make it your home. I feel like we've been bobbing and weaving forever and it would be nice to just settle and think about something besides houses. In which case, "settle" can't sensibly be in the UK.

Sunday, November 5, 2006 12:29AM Report Comment
 

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