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

Overseas Property

The most in-demand holiday home destinations

Alicante is the ideal place in the sun when it comes to Brit foreign property dreams Province on Spain’s Eastern coast is the most popular destination for Brits in TV foreign property series Almeria and the Costa Del Sol are in the top three based on analysis of 1,000 episodes of A Place In The…
Read More →
Breaking News

Two Weeks to Go for First Phase of Renters’ Rights Act

With just two weeks until the first phase of the Renters’ Rights Act comes into effect, letting agents across England are being urged to ensure they are fully prepared for the significant operational and compliance changes ahead. From 1 May 2026, the new legislation will introduce wide-ranging reforms to tenancy structures, possession processes and rent…
Read More →
Breaking News

Housing Insight Report: February 2026

The housing market shows steady activity, ongoing challenges with sales agreed rising slightly and stock levels stable, while affordability pressures and longer transaction times continue to strain buyers and sellers. Demand is strong in the rental sector, with significant competition among tenants despite only a modest increase in available properties. Rents have remained relatively stable…
Read More →
Breaking News

London boasts biggest property market gap

UK’s property price gaps exposed: London tops with £838k difference between top and bottom of the market The latest research from eXp UK has revealed the scale of the price divide between the most and least expensive property markets across each region of the UK, with three areas seeing average house price gaps of more…
Read More →
Letting Agent Talk

Questions raised over tenant-agent trust gap

New research from Propoly has found that while over half of tenants describe their letting agent as professional, quick to respond to queries, and efficient in handling maintenance issues, issues still exist, particularly a widespread suspicion that agents are not working in the tenants’ favour. Propoly commissioned a survey of 1,000 UK tenants* to understand…
Read More →
Letting Agent Talk

29 is the age house sharing becomes ‘embarrassing’

but 11% still do it, according to new Nationwide research That equates to 27 million admitting they have felt embarrassed about their living situation With 69% saying living alone is unaffordable, it’s no surprise the average age of those in house shares is 35 From moving home (12%) to living with an ex (10%), as…
Read More →