Quote:
Originally Posted by Vendot
It started with the collapse of share prices in commercial real estate like Barratt and Persimmon.
Then it went to real estate funds, around 9 mulit-billion dollar funds suspended redemptions. Now everything in commercial real-estate is on sale.
Next Commercial collapses and then we see the Residential prices start to fall and its long overdue in the UK.
https://www.theguardian.com/money/20...n-30-says-bank
If the pound hits close to parity at $1.10, that's a 30% devaluation in the pound.
Add to that a 30% drop in real estate prices and you could have property more than halved (at least for foreigners) and that's before:
"Société Générale warns high-end properties could even halve in value as companies move top staff abroad" |
so in assumption, more people buy homes in the UK, especially foreigners, for most wanting out! The exact opposite, to the reason most wanted out of the EU
