Heavyweights join in the EU debate.

May 16, 2016

Two heavyweights in the world of finance joined in the debate over the EU Referendum last week, Christine Lagarde (IMF) and Mark Carney (BoE) both appeared to add their  support for the “Remain” in Europe campaign by speculating on the negative effects that would be felt by the UK population in the event they voted to leave on the 23 June.

It had been suggested that a withdrawl from Europe may cause weakness in the property market which in itself  may cause prices to drop, that was seen  by some commentators as just further scaremongering but is however a  concern for property owners and potential buyers.

There is a big difference between short term and long term effects on a potential exit, nobody really has the answers or the evidence to back up their predictions, if property pirces were to fall slightly and stabalise over the longer term, surely that would be a benefit to new buyers coming to the market place, the spiralling up of house prices has become a major concern over recent times, no more so than in London.

There was one heavyweight who came out with support over the weekend for a UK “Brexit’ and that was the possible next President of Amercia, Donald Trump, he said that the UK would not be at the back of the queue for any new trade deals in the event of Brexit  if he were to become President, and that is a possibility.

 

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Insurance Broker’s Top Tips to Avoid Home Insurance Claims

Every homeowner wants to do what they can to avoid unnecessary insurance claims, especially if you have a high-risk property, holiday home or home you rent out to others. For homeowners, insurance claims can mean hefty hikes in insurance prices in the future, and for landlords or holiday homeowners, the loss of earnings while a…
Read More →
Estate Agent Talk

7 ways to pay off your mortgage faster in 2025

Paying off your mortgage gives you the personal and financial security of owning your home outright, and you no longer have the monthly cost of repaying your lender. Sarah Thompson, Managing Director of Mortgage Scout explains seven things you can do that should help you get there quicker: Consult an independent, regulated financial adviser If…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker – 05/02/25

Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 4.98% -0.04% +0.01% 5-year fixed 4.78% -0.03% +0.14% These rates are provided by Podium and are an average based on 95% of the mortgage market. All rates are based on products with a circa £999 fee. Lowest rates…
Read More →
Love or Hate Rightmove
Breaking News

February & March are the best months to list a home for sale

February and March are the best months to list a home for sale, based on the likelihood the home goes on to successfully complete, closely followed by April and January Nearly seven in 10 homes (66.3%) listed for sale in February and March since 2012 go on to complete the sale, the joint-highest months of…
Read More →
Home and Living

The Cost of Replacing a Wooden Garage Door in Seattle

The replacement of a wooden garage door might be a very expensive affair for homeowners in Seattle. Adding beauty and durability, the wooden garage door installation in Seattle gives a touch of character and worth to your home. The most important factor that is to be kept in mind is the estimation of the cost…
Read More →
painting with polycell crack free ceilings
Home and Living

The Benefits of Repainting Your Interiors

Repainting your home’s interior is a simple yet powerful way to refresh and revitalize your living space. Whether you’re looking to update outdated colors, boost your home’s value, or create a more inviting atmosphere, a fresh coat of paint can make a significant difference. In this article, we will explore the numerous benefits of repainting…
Read More →