Current Affairs EU In or Out

In or Out

  • In

    Votes: 688 67.9%
  • Out

    Votes: 325 32.1%

  • Total voters
    1,013
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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."
 
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."

WTF
 
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........

You fail to answer the questions then proclaim experts don't have a clue. I'll give it to you though, seems to be a strategy that works and I would rather see you implement it than Ledsom.
 
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."

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
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.

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.
 
The media and political establishment were hugely biased in the run up to the vote, they tried every tactic they could to sway public opinion and they still lost. I don't expect them to honour the referendum because it's not in their interests. The plotters are already working on it, we will end up remaining and we will end up in the United States of Europe, Heil Merkel!
 
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.

Actually I despair of selling off our housing to foreign speculators and would love to see levels of punitive taxation as a result. I don't particularly like houses going up in price as if you want to move it just gives a bigger bill and excludes the younger people from the market. I truly hope that the London housing market suffers a collapse and brings a bit of sense back for the benefit of our young.......
 
Nah mate. My family are all farmers. No one was wanting to leave

Polls carried out by Farmers Weekly have consistently shown strong farmer support for the “leave” campaign. In April, an exclusive Farmers Weekly poll of 577 farmers found 58% said they wanted to leave, while just 31% said they wanted the UK to remain in the trade bloc.

Delighted Derbyshire farmer Michael Seals of the Farmers for Britain campaign, which lobbied for the UK to leave the EU, said: “The country has voted for change – and the farming industry has clearly indicated it wants change.

“We must now all work together, government and industry representatives, to start with a blank sheet of paper to find a new and better way of supporting this industry to enable it to go forward.”

The Country Land & Business Association (CLA), which represents 33,000 landowners in England and Wales, said a Brexit would “bring challenges, but also significant opportunities”.
 
Newsthump.......


The unprecedented success of three British players at Wimbledon this year wouldn’t have happened without Brexit, claim supporters.

“We’ve received a lot of bad press since the referendum,” said leading Brexit campaigner Iain Duncan Smith.

“But the fact remains that since the Brexit vote, we have had the most successful year for Great Britain at Wimbledon in living memory.

“This is only the beginning as well; I guarantee that once article 50 is triggered, we will sweep the board at next year’s Wimbledon.”

Mr Duncan-Smith went on to hail Britain’s sporting success since the referendum.

“Lewis Hamilton winning the Grand Prix yesterday, Wales reaching their first semi-finals of a major football tournament, you can’t tell me that would have happened with Great Britain still trapped under the corrupt Brussels yoke.

“In fact, if we’d triggered Article 50 immediately, I firmly believe that England would have gone on to win the tournament, instead of crapping out early like a pathetic bunch of Boris quitters.”

While the sporting success of Brexit has been self-evident, Mr Duncan-Smith was keen to point out that there has been all manner of post-Brexit good news.

“The weather’s been nicer, Adele did her triumphant set at Glastonbury, and even the hole in the Ozone layer is closing.

“All because of Brexit.

“I bet those Stronger In Europe folk are feeling pretty foolish now.”
 
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