Brexit - currency and house prices

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Loyalclaret
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Re: Brexit - currency and house prices

Post by Loyalclaret » Wed Dec 12, 2018 7:27 pm

Brexit is mentioned...who’d have thought it

cricketfieldclarets
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Re: Brexit - currency and house prices

Post by cricketfieldclarets » Thu Dec 13, 2018 12:50 am

Quickenthetempo wrote:If you buy the worst house in the best area you can afford you will always make money.

The only way you lose money if you can't afford repayments or need to move in a hurry.
If you're buying a 2nd house with long term plans you will never lose as they will always rise again at some point.
Or if said worst house is so bad it is built on sand... so to speak.
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Quickenthetempo
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Re: Brexit - currency and house prices

Post by Quickenthetempo » Thu Dec 13, 2018 10:25 am

cricketfieldclarets wrote:Or if said worst house is so bad it is built on sand... so to speak.
Those Beach huts can go for millions.
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dsr
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Re: Brexit - currency and house prices

Post by dsr » Thu Dec 13, 2018 10:22 pm

Quickenthetempo wrote:If you buy the worst house in the best area you can afford you will always make money.

The only way you lose money if you can't afford repayments or need to move in a hurry.
If you're buying a 2nd house with long term plans you will never lose as they will always rise again at some point.
Unless the best area goes downhill and becomes a bad area. Or for the second house, if you fall foul of the extra taxes.

South West Claret.
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Re: Brexit - currency and house prices

Post by South West Claret. » Thu Dec 13, 2018 10:37 pm

Here’s that RICS November update from the Nationwide https://www.nationwide.co.uk/-/media/Ma ... v_2018.pdf" onclick="window.open(this.href);return false;

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