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House and home

Should we postpone buying a house till Brexit is settled?

(60 Posts)
Streaky Sun 07-Oct-18 11:34:59

I have just put my house up for sale and there has been no interest whatsoever yet. I wondered if it was something to do with Brexit, but of course when I asked the estate agent about it, she was dismissive of the idea! Now I realise that it might be indeed the reason.

Nonnie Sun 07-Oct-18 11:14:54

If you are downsizing and have done your homework on price you have nothing to lose by putting your home on the market now and seeing how it goes. Imo prices won't rise as a result of Brexit but could if it is overturned. If your home sells easily enough you could go travelling, rent or stay with relatives until next spring and see what happens. We live in an area which has been very, very buoyant for at least 3 years and houses have sold very quickly, often at more than the asking price but now the market seems to be stagnating.

mabon1 Sun 07-Oct-18 11:13:27

Just move and stop worrying about money or are you skint?

Mapleleaf Sun 07-Oct-18 11:04:56

Unfortunately, no one has a crystal ball to know just what will happen. House prices have always fluctuated over the years, so I would say that if you want to move, and it will be beneficial in many ways for you to do so, then go ahead and do it. Good luck, and enjoy your new home. ?

GeorgieKay Sun 07-Oct-18 10:40:15

No one knows what's going to happen and it's all relative. I would just go ahead with your plans to move. Good luck !

POBCOB Sun 07-Oct-18 10:35:06

We currently have our house on the market whilst looking to move further out from London although things are very slow at the moment but we will let things take their natural course. We are also buying a holiday cottage in Ireland so have the exchanges rates to contend with. We can’t put a price on years of our life so whatever happens, if our home ends up worth a penny, we will still be living in them and enjoying our years together.

Willow500 Sun 07-Oct-18 06:53:44

'Brexit' not Brixit - Sunday morning fingers grin

MawBroon Sun 07-Oct-18 06:47:51

If you are selling as well the two should cancel each other out. A house is only “worth” an amount when you come to realise it.
If you want to be really canny you could consider selling now, renting, then cashing in if and when prices drop.
Or just get on with your life as Wllow says.

Willow500 Sun 07-Oct-18 06:41:54

You can't put your life on hold - if you want to move I'd just do it. It depends how long you plan on staying in the new one and the equity in it but house prices have gone up and down over the years so you run the risk whatever happens with Brixit.

sassenach512 Sun 07-Oct-18 01:11:33

My DH and I want to move but we can't decide whether or not to wait till after Brexit has been decided. Someone mentioned to us that house prices could drop if things turn out badly for the Brexit deal. This could be scaremongering but I'd hate to buy a house now, to find later that we'd lost money on it.
I'd appreciate your input Grans/Grandads