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With B-Day fast approaching for the UK's departure from the EU, I thought it might be helpful to curate all our discussions on the impact of Brexit on landlords, tenant demand, and the housing market.It's definitely worth noting that not everyone investing in property will be a loser because of Brexit!. At the time of greatest fear is the same time when massive profits can be made for those who see the angles and/or those who remain true to their original vision and do not falter.This resource features some truly insightful quotes from some of the world's top investors about how they dealt with challenging times and uncertainty.When we look back in 10 years time, I am certain that fortunes will have been made during this time.To that end, I have curated all our Brexit discussions in one place, so landlords can "mine" the intel and survive the Brexit storm. As always, there will be plain sailing the other side and it's always positive to have a business where demand will always be there - a bit like Victor Kiam bought Remington shavers because mens' beards will always grow.Announced today:
Targets for new homes are likely to be missed by half of England’s local authorities, according to a damning assessment of the government’s housing strategy, while increasingly profitable building companies are getting away with paying less for infrastructure and more than half of councils have failed to draw up adequate plans to solve the housing crisis.
The National Audit Office (NAO) concludes that the planning system in England is “not working well” and says councils are struggling to negotiate successfully with developers, leaving swaths of the country vulnerable to either housing shortages or situations where the wrong homes are built in the wrong places.The report says only 44.1% of local authorities had up-to-date plans setting out how they could meet the need for new homes.Full/source storyHere are all Property Tribes discussions on the topic of Brexit:Rental market after Brexit?Effects of Brexit on housing demandBrExit - impact on property marketBrexit & decline in BTL market - broker viewBrexit good news for London property prices The post-Brexit & Section 24 landscapeHow to invest during Brexit VideoBrexit causing property market stagnationWait to invest further due to Brexit? How will Brexit affect your property plans? Would you withdraw from a sale because of Brexit?10 reasons Brexit could be good for landlordsReferencing EU tenants in the light of BrexitBrexit good news for UK holiday lets? Property Tribes' "Smart Landlord" 2019 campaign is running throughout the year to support landlords through the challenges and we have lots of exciting content, videos, and resources in the pipeline. So continue to tune in to Property Tribes for your Brexit survival intel and build your own "Brexit Ark"!Happy Brexit everyone - see you on the other side!SEE ALSO - Making decisions in challenging timesUP NEXT - How do you cope with landlord stress?DON'T MISS - Smart Landlord 2019 campaign - content index NOW WATCH:
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
What makes an entrepreneur successful ? The answer is when they see something others miss.
Life will go on after the exit
I see great opportunities in the UK
In my opinion it’s a fuss over nothing
I think the north will lose NISSAN but we have lost bigger in the past and we survived I am just going to get on with life
I remember when we were not part of the "evil empire" and life was good then and it will be good in the future
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Agreed - I've always thought Brexit was what I call a bfon (big fuss over nothing). The country won't suddenly disappear off the map, nor will the population suddenly halve. It would take an incurable plague for the latter to occur. The media are short of real news so keep dishing out loads of (mostly) meaningless waffle, spouted by politicians, every single day... ad nauseam.
What has battered demand for BTLs in my area (the midlands) is the bubble bursting for the car industry. The market has suddenly changed - companies like JLR, headquartered here, have been knocking out petrol and diesel vehicles as a cash cow - suddenly, such engines are no longer eco-friendly (especially diesels which often belch out foul clouds of black gunge when the driver in front put his/her foot down), the government has set a deadline for them to be banned, so suddenly electric vehicles at the in thing, and the car companies are having to play catch-up.The result is, JLR are laying off 4500 to 5000 employees and cutting back production. Now we hear that Honda is going to close its Swindon plant.
I have only one empty property at present, and there's normally a lull at this time of year, so I'm sitting tight.
I have to agree
the NE is used to loseing jobs so it’s not a shock up here
the world is going through change we are a tiny island and I think we will fair better than the rest of Europe who is now going to see economic issues
staying with Europe will be a huge mastake
``What makes an entrepreneur successful ? The answer is when they see something others miss.``
But also others can often see something clearly before their very eyes
But they just don`t act - often through fear and procrastination
Jonathan Clarke. http://www.buytoletmk.com
I haven't been through everything, so this might be presumptuous, but because credit is the biggest fuel to the house price fire, what are the prognoses for rising rates in the face of rising inflation?
Inflation actually dropped below expectations this month - down to 1.8%.Do you mean rising interest rates or rising house prices?
I mean rising interest rates on the back of higher inflation. Yes, inflation was recorded as 1.8% but we're still in the single market. When we leave, especially under a no deal scenario, there appears to be a good chance tariffs will be placed on all trade to and from the EU and that will likely have an inflationary pressure on goods and services bought and sold between the two partners. The BOE, in the face of inflationary pressure, would likely raise rates.
Gotcha! Thanks for clarification. I guess all we can do as landlords is change "what if's ...?" into "how to's ...?". A good friend once said to me that there is no point in worrying about something, because if it doesn't happen, you've suffered for nothing, and if it does happen, you've suffered twice.I guess I am saying no one really knows, so we have to stick to our plan and face the challenge if and when it arises.
Totally agree and a great way to look at what's going on.
Another quote I like is "worrying is like sitting in a rocking chair, rocking away, wasting your energy, and thinking that you will get somewhere"!.