Oh dear (TM) - U.K. Property Funds Freeze $12 Billion to Halt Brexit Retreat

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CretinWatcher replied

6 July 2016, 10:10
Originally posted by SantaClaus View Post

With regards to foreign investment, wait until the stock market goes pop and everything (including property) goes "risk off". Cash buyers will disappear and banks won't loan any money.

Yeah can't wait for that economic nirvana.
Leave a comment:
SantaClaus replied

6 July 2016, 10:03
Originally posted by BrilloPad View Post

Only those in the UK will be withdrawing. Foreigners will still pump there money into UK property as it looks cheaper in their local currency.

Until the new law banning foreigners from owning UK property.

Roll on the UK house price crash. Lets give the youngsters an incentive to work.

I totally agree we need a house price crash if our kids are going to have any chance of making a life for themselves.

With regards to foreign investment, wait until the stock market goes pop and everything (including property) goes "risk off". Cash buyers will disappear and banks won't loan any money.
Leave a comment:
GB9 replied

6 July 2016, 08:28
Originally posted by sirja View Post

Are you really show those foreigners will continue pumping money into UK Property?

Singapore bank halts London mortgage lending following Brexit

That's what happened during the financial crash. Cash buyers picking up bargains.
Leave a comment:
sirja replied

6 July 2016, 07:28
Originally posted by BrilloPad View Post

Only those in the UK will be withdrawing. Foreigners will still pump there money into UK property as it looks cheaper in their local currency.

Until the new law banning foreigners from owning UK property.

Roll on the UK house price crash. Lets give the youngsters an incentive to work.

Are you really show those foreigners will continue pumping money into UK Property?

Singapore bank halts London mortgage lending following Brexit
Leave a comment:
BrilloPad replied

6 July 2016, 07:09
Only those in the UK will be withdrawing. Foreigners will still pump there money into UK property as it looks cheaper in their local currency.

Until the new law banning foreigners from owning UK property.

Roll on the UK house price crash. Lets give the youngsters an incentive to work.
Leave a comment:
Old Greg replied

5 July 2016, 20:20
Ah well that doesn't count and at least we're free now or some tulip like that.
Leave a comment:
SantaClaus started a topic Oh dear (TM) - U.K. Property Funds Freeze $12 Billion to Halt Brexit Retreat

5 July 2016, 19:25
Oh dear (TM) - U.K. Property Funds Freeze $12 Billion to Halt Brexit Retreat

Enjoy ...

U.K. Property Funds Freeze $12 Billion to Halt Brexit Retreat - Bloomberg
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