peteblue
Welcome back Wayne
Its all about the pickled onion monster munch mate.
I've missed this this level of debate.........good to see you back Fozzy........
Its all about the pickled onion monster munch mate.
The bad news just keeps coming......
London property sales surge almost 40% after Brexit despite project fear 'crisis' claims
PROPERTY sales in London jumped almost 40% in the week after Brexit, new figures have shown, breaking from the expectations and project fear forecasts for the city.
Property sales in London were up 38% in the week after Brexit
We certainly are seeing a scattering of sales because of the currency movement.
Prime real estate deals in the city jumped in the week after the June 23 referendum, as a slide in the British pound attracted bargain hunters taking advantage of panic that set in over the weekend.
Sales increased 38 percent compared with the previous week, according to data from Knight Frank.
The leading UK real estate brokerage said month-on-month sales were 29 percent higher, in the immediate aftermath.
Liam Bailey, global head of research for Knight Frank, said: "We saw a definite uptick."
In recent years London's position as a global financial centre has attracted investors in property from super rich Middle East royals, Russian oligarchs and Asian billionaires.
And as the pound tumbled many looked to sweep up more penthouses and townhouses in the city, showing they are keen to continue investment in the country.
Those using the dollar had a particular advantage when the British pound dropped 15 per cent against the American currency.
Bailey said: "Our Hong Kong investors especially tell us they see currency opportunity.
"And we certainly are seeing a scattering of sales because of the currency movement."
Imo should. Never have been voted. On far too complex
Looks as though you have got the hang of itIt's almost as complex as writing in sentences.
Looks as though you have got the hang of it
The NFU do not actually represent all the farmers. The NFU wanted to remain, the farmers wanted to Leave. It's just like all the other unions, the so called leaders haven't a clue........
The bad news just keeps coming......
London property sales surge almost 40% after Brexit despite project fear 'crisis' claims
PROPERTY sales in London jumped almost 40% in the week after Brexit, new figures have shown, breaking from the expectations and project fear forecasts for the city.
Property sales in London were up 38% in the week after Brexit
We certainly are seeing a scattering of sales because of the currency movement.
Prime real estate deals in the city jumped in the week after the June 23 referendum, as a slide in the British pound attracted bargain hunters taking advantage of panic that set in over the weekend.
Sales increased 38 percent compared with the previous week, according to data from Knight Frank.
The leading UK real estate brokerage said month-on-month sales were 29 percent higher, in the immediate aftermath.
Liam Bailey, global head of research for Knight Frank, said: "We saw a definite uptick."
In recent years London's position as a global financial centre has attracted investors in property from super rich Middle East royals, Russian oligarchs and Asian billionaires.
And as the pound tumbled many looked to sweep up more penthouses and townhouses in the city, showing they are keen to continue investment in the country.
Those using the dollar had a particular advantage when the British pound dropped 15 per cent against the American currency.
Bailey said: "Our Hong Kong investors especially tell us they see currency opportunity.
"And we certainly are seeing a scattering of sales because of the currency movement."
Experts have also claimed the lift in sales was in part due to sellers who lowered prices both before and after the Brexit vote.
Tom Bill, Knight Frank's head of London residential research said: "Weaker price growth, together with rising economic and market uncertainty surrounding the European vote, has prompted vendors to reduce asking prices over recent months."
But as the FTSE 100 bounces back and the pound begins to recover, the sales surge is not expected to last the summer.
Mr Bailey said data on showings and buyer interest suggests that many plan to stay on the sidelines in coming month.
Singapore's United Overseas Bank, among others, have halted mortgages for London properties.
Why. Is it possible we will execute leave voters? A policy that might make the referendum worthwhile.I'm not looking to blame anyone for the referendum result. I voted Leave and will have to live or die by my decision.
Nah mate. My family are all farmers. No one was wanting to leaveThe NFU do not actually represent all the farmers. The NFU wanted to remain, the farmers wanted to Leave. It's just like all the other unions, the so called leaders haven't a clue........
Wow! We may nave agreed on our preference. but is there really any need for this playground vitriol?Why. Is it possible we will execute leave voters? A policy that might make the referendum worthwhile.
Come on Pete. Why don't you give us the source of this? http://www.express.co.uk/news/world...es-housing-Brexit-referendum-result-mortgages
Why did you not post the rest of the article? There are some other parts worth considering too such as
Is it because one could easily infer that a lot of people are scrambling to sell London properties? This added supply is driving the market equilibrium down which couple with the devalued pound makes London properties far cheaper to foreign investors in relative terms?
I don't think a decrease in house prices is necessarily a bad thing, but I wouldn't think a large scale sell off of UK housing stock to foreign speculators is as great as you think.
Nah mate. My family are all farmers. No one was wanting to leave
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