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Will a no deal brexit effect house prices in the border area?

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  • 08-09-2019 5:15pm
    #1
    maryjane1970
    Registered Users Posts: 41 ✭


    Hi
    My daughter had planned on buying a house in the Fermanagh border were she lived(northern side).
    She was told by a lot of people to hold on to see what happens with brexit,because the house prices may drop if a no deal happens.
    How long does one wait or will it be a year or 2 before there is a drop or maybe no drop at all !
    Any advice..
    Thank you


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    #2
    Peregrinus
    Registered Users Posts: 26,133 ✭✭✭✭Peregrinus


    If no-deal Brexit, or hard Brexit, happens and persists, then the border area will be significantly economically depressed. I would expect this to have a depressive effect on house prices, but this might take a bit of time to flow through - even when it happens, people will hope for as long as they can that it won't last.


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    #3
    maryjane1970
    Registered Users Posts: 41 ✭maryjane1970


    So what does one do?wait until jan 2020 or longer?.
    I remember reading in the local paper that a local auctioneer said that house prices could plummet 20-40% if uk drops out with no deal...


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    #4
    BrokenArrows
    Registered Users Posts: 7,500 ✭✭✭BrokenArrows


    maryjane1970 wrote: »
    So what does one do?wait until jan 2020 or longer?.
    I remember reading in the local paper that a local auctioneer said that house prices could plummet 20-40% if uk drops out with no deal...

    Nobody can tell you the answer.
    It could swing either way.

    Border houses might become more valuable if people want to be close to the Republic for work.


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    #5
    Marcusm
    Registered Users Posts: 10,218 ✭✭✭✭Marcusm


    BrokenArrows wrote: »
    Nobody can tell you the answer.
    It could swing either way.

    Border houses might become more valuable if people want to be close to the Republic for work.

    Not if we go back to the 1970s with closures for unapproved roads!

    If there’s no daily crossing of the border then I would press ahead.


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    #6
    maryjane1970
    Registered Users Posts: 41 ✭maryjane1970


    Wait until the out come of October 31th?


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