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Post by Ton ⓉⓞⓃ on Feb 25, 2019 14:38:00 GMT
Just wanted to add, ceejay , that when I go past a building site/home extension often the hands on builders are europeans, and to a more limited degree asian. |
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Post by mrclondon on Feb 25, 2019 16:36:03 GMT
I'm personally not convinced that a no deal Brexit will have a significant impact on P2P. And hopeful that it won't happen anyway! I share your hope that it won't happen ... but I don't base all my financial decisions on hope! I think that the potential impact will vary greatly from sector to sector, so a blanket "X affect on P2P" is probably too high level to be useful. My guess is that residential property development loans are relatively safe - there is a continuing need for housing and there should be room for a moderate price fall before these get into trouble. So I am still buying into these, though I will avoid the mega-value single property loans, as these are very vulnerable to a loss of confidence among their wealthy potential purchasers. Commercial property development, and general business loans, I would be much more wary of - the impact of Brexit on a given business could be anything from moderately positive to catastrophically bad. Avoid businesses that depend on cheap EU labour! I'm being very selective indeed in these areas. A pretty fair assement IMO.
Just one comment on "normal" residential property - areas that are favoured by the larger European expat communities are vulnerable to price weakness over the next five years or so. When you read the headlines that x hundred city jobs are being transfered to Paris or Frankfurt etc, those jobs are pedominately being done by European expats living in London. As a result, there could be higher than average turnover in property in such areas. The French in particular have a very strong affinity to SW London.
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ceejay
Posts: 975 
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Post by ceejay on Feb 25, 2019 17:03:44 GMT
A pretty fair assement IMO.
Just one comment on "normal" residential property - areas that are favoured by the larger European expat communities are vulnerable to price weakness over the next five years or so. When you read the headlines that x hundred city jobs are being transfered to Paris or Frankfurt etc, those jobs are pedominately being done by European expats living in London. As a result, there could be higher than average turnover in property in such areas. The French in particular have a very strong affinity to SW London.
Indeed. I'm not a big fan of the London/SE property market in general at the moment. There is a lot of money waiting to be lost by somebody, and I'd rather it wasn't me.
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