Tag Archives: brexit

Would a no-deal Brexit be good or bad for the residential property market?

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There is much talk today, in the press, about the consequences of a ‘no deal’ on Brexit, even Dr. Liam Fox has put it down to a 60/40 chance.

The Governor of the Bank of England (BOE), Mr. Carney, has increased Interest Rates, probably because he believes that, on balance, the Brexit deal will happen and therefore, the control of inflation is more important today, than anything else, when the ‘sluice gates open’ on public sector wage increases and their knock on effect on the private sector. Continue reading →

The first fruits of Brexit?

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In the first two quarters of last year, trading for us, was positively awful in all price ranges, so much so, that we thought our phones had been ‘cut off’ by our competitors and that the ‘end of the world was nigh!’

Thank goodness, from July 2017 until the present day, certainly amongst the international buying community, the word is out that London property prices are now cheap, having been decimated by the ridiculous Stamp Duty hikes of the last Chancellor, where discount on values in the order of 30%, are now quite common. Continue reading →

Residential Property Markets: Thank goodness for Brexit!

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Even intelligent observers of the Residential Property Market, particularly in London, are being fooled into believing that Brexit and its uncertainty, is responsible for the slump in activity to date, when the cognoscenti know full well, that it is all down to the ‘fall out’ from Stamp Duty.

When Mr. ‘cack-handed’ Osborne imposed these draconian hikes in this tax in 2014, he thought, somewhat stupidly, that it was the Tory’s version of a Mansion Tax. Like all myopic politicians, he had no idea of the devastating effect it would have on other parts of the economy, such as retail spending and the UK growth rate. Continue reading →