Heavyweights join in the EU debate.

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.

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