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House prices to drop by 35% in a no-deal brexit?

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What are peoples thoughts on this one? Personally I don't see it happening - and I know yes this is more a dooms day scenario - but I would have thought we'd be looking at a weaker sterling and therefore a flood of foreign investment coming into the UK?

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Carney is the commander of project fear so expect the hyperbole to continue ad nausium. House prices will come down to some degree not because of brexit but because they were artificially boosted by his holding of interest rates at ultra low levels for years beyond what was called for. 

Don't forget too that brexit is going to cause another 2008 crash, says Carnage.

Also don't forget these were pretty much the same statements he came out with before the referendum and what would happen immediately after the vote if pro brexit won. 

carn1.PNG.76d4a3ab7fd3477ae5937874e717d39f.PNG

 

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Nothing like super inflated (trying to steer clear of the word ‘hyper’) house prices to really boost consumer confidence and the macro barometers which define a ‘strong’ economy... 

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