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Deal or no deal , UK preparing for 35 % drop in property prices with no deal

Comments

  • #2
    amcalester
    Closed Accounts Posts: 4,121 ✭✭✭amcalester


    Why so blue OP?


  • #3
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    amcalester wrote: »
    Why so blue OP?

    indeed that is the question


  • #4
    Jet Black
    Registered Users Posts: 3,841 ✭✭✭Jet Black


    Says one guy in the bank who's been predicting the end of the UK, recessions and a 18% drop in property prices between 2016-2018...


  • #5
    pnecilcaser
    Registered Users Posts: 95 ✭✭pnecilcaser


    Honestly I have been watching this with a lot of interest as I was considering buying a property in Belfast or another major UK city. There seems to be an insurgence of youtube videos talking about the re-unification of the North of Ireland with the Republic in the wake of Brexit as they voted to stay in the EU.

    Take a look at: https://www.youtube.com/watch?v=gBtuwSixYoE

    In my opinion, property prices in the UK generally represent better value for money (with the exception of London of course) compared to Ireland. However, while we have a property tax they have water charges and council taxes though, which usually work out a lot more. The cost of running a property there is more.

    I had heard some people say that Brexit could have up to a 10% impact on property prices here in Ireland but the story changes depending on who you listen to. There are so many opinions out there that confirmation bias is easy to achieve for whatever unfolding of events you would like to see. My plan is to watch closely and be prepared with a healthy deposit and all the paperwork in place in case there is a good deal to be had somewhere.


  • #6
    the_syco
    Registered Users Posts: 37,295 ✭✭✭✭the_syco


    pnecilcaser wrote: »
    Honestly I have been watching this with a lot of interest as I was considering buying a property in Belfast or another major UK city. There seems to be an insurgence of youtube videos talking about the re-unification of the North of Ireland with the Republic in the wake of Brexit as they voted to stay in the EU.
    If Belfast joins Ireland, it'll be like Limerick. A city far away from Dublin with gang problems. Would you buy property in Limerick?


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  • #7
    fret_wimp2
    Registered Users Posts: 1,905 ✭✭✭fret_wimp2


    the_syco wrote: »
    Would you buy property in Limerick?

    Depends, if I live there , have family there or have some reason to then perhaps.

    Dublin, Carlow, limerick, sligo, cork, insert town here all have problems including gangs which you specifically mention.

    Lots of people find reason to buy property in limerick, Belfast and a all other other places all the time . Your statement is pointless.


  • #8
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    Jet Black wrote: »
    Says one guy in the bank who's been predicting the end of the UK, recessions and a 18% drop in property prices between 2016-2018...

    Has Mark Carney been saying this ?


  • #9
    pnecilcaser
    Registered Users Posts: 95 ✭✭pnecilcaser


    the_syco wrote: »
    If Belfast joins Ireland, it'll be like Limerick. A city far away from Dublin with gang problems. Would you buy property in Limerick?

    Short answer is yes. Longer answer is, if the investment gave a good return and my the due diligence that I carried out on the property and the surrounding area all checked out ok, then yes.

    Name a place that doesn't have social problems. I wouldn't be base any significant financial decision on people's perceptions, I'll stick to the facts and figures.


  • #10
    utmbuilder
    Registered Users Posts: 467 ✭✭utmbuilder


    belfast has serious investment potenial if prices do tank, belfast in 10 years will be a very different place


  • #11
    the_syco
    Registered Users Posts: 37,295 ✭✭✭✭the_syco


    pnecilcaser wrote: »
    I'll stick to the facts and figures.
    That's true. Ensure you pick your side of the fence.


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  • #12
    pnecilcaser
    Registered Users Posts: 95 ✭✭pnecilcaser


    the_syco wrote: »
    That's true. Ensure you pick your side of the fence.

    An investment doesn't need to pick a side of a fence. It simply needs to offer a good ROI.


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