Politics and real estate: how the resignation of May influenced British real estate
In the last few days all the newspapers have focused on an epochal event: the resignation of the British Prime Minister, Theresa May.
Although the moods are different throughout the nation, it is worth noting that our sector is subject to easy influence by the political world.
Well, the question that many are asking themselves in this period is the following: what will happen now to the English real estate market after the resignation of the woman most exposed to the spotlight of England?
There are several opinions of the experts, but we at Realigro have decided to give you an overall picture to better understand the current situation and the moods of such an important sector.
Let's start by saying that, in recent years, an increase in costs has been registered in England related to private real estate transactions, such as expenses and significant requests for guarantees for mortgages. Reason for which, the reduction of the shunting space of the private real estate was inevitable, in favor instead of the corporate real estate.
Although this datum is of fundamental resonance throughout England, we should not be surprised, however, that after the drastic choice of the now former Prime Minister, private real estate transactions could also come back into vogue, with particular demand from the demand side, increasingly young and dynamic in the UK.
A sort of fiscal easing could also take shape, more broadly, both for buyers and above all for property owners (in terms of reduced taxation and leaner procedures). This, consequently, would cause a 'surge in demand, since the possibility of accessing the English real estate market and taking ownership of a property without the exponential expenditure would be more accessible.
According to the Global Chief Investment Officer of GWM, the resignation of May will increase the general climate of uncertainty that has already proliferated in this country in recent months.
In monetary terms, this circumstance would considerably weaken the pound, but, listen, it would be easier and more convenient to facilitate investments if, the protagonists of the transactions (in terms of portfolio) were foreigners.
Brexit could potentially cause the currency to plummet to $ 1.15, while the euro would touch 0.97. Terribly negative elements for the British economy but extremely positive for future citizens!
On the other hand, however, if a hypothetical and further postponement of the exit from Europe would cause substantial damage to England, on the other hand a stay in the Union would strengthen the currency in force, making the purchase of real estate once again inconvenient. in England by non-English citizens.
What to say, the situation seems to be clear but decidedly varied. It is hoped that immediate solutions can be found to be able to give shape to this nation, both in economic terms but also for its real estate market!
Although the moods are different throughout the nation, it is worth noting that our sector is subject to easy influence by the political world.
Well, the question that many are asking themselves in this period is the following: what will happen now to the English real estate market after the resignation of the woman most exposed to the spotlight of England?
There are several opinions of the experts, but we at Realigro have decided to give you an overall picture to better understand the current situation and the moods of such an important sector.
Let's start by saying that, in recent years, an increase in costs has been registered in England related to private real estate transactions, such as expenses and significant requests for guarantees for mortgages. Reason for which, the reduction of the shunting space of the private real estate was inevitable, in favor instead of the corporate real estate.
Although this datum is of fundamental resonance throughout England, we should not be surprised, however, that after the drastic choice of the now former Prime Minister, private real estate transactions could also come back into vogue, with particular demand from the demand side, increasingly young and dynamic in the UK.
A sort of fiscal easing could also take shape, more broadly, both for buyers and above all for property owners (in terms of reduced taxation and leaner procedures). This, consequently, would cause a 'surge in demand, since the possibility of accessing the English real estate market and taking ownership of a property without the exponential expenditure would be more accessible.
According to the Global Chief Investment Officer of GWM, the resignation of May will increase the general climate of uncertainty that has already proliferated in this country in recent months.
In monetary terms, this circumstance would considerably weaken the pound, but, listen, it would be easier and more convenient to facilitate investments if, the protagonists of the transactions (in terms of portfolio) were foreigners.
Brexit could potentially cause the currency to plummet to $ 1.15, while the euro would touch 0.97. Terribly negative elements for the British economy but extremely positive for future citizens!
On the other hand, however, if a hypothetical and further postponement of the exit from Europe would cause substantial damage to England, on the other hand a stay in the Union would strengthen the currency in force, making the purchase of real estate once again inconvenient. in England by non-English citizens.
What to say, the situation seems to be clear but decidedly varied. It is hoped that immediate solutions can be found to be able to give shape to this nation, both in economic terms but also for its real estate market!
