Patience Required in Navigating UK Real Estate Post-Brexit
Share News:
We live in a world of Chicken Littles, whereby the reactions to the slightest events become magnified to outlandish and irrational proportions.
Mass shooting? Buy a gun.
On June 23, the UK voted to leave the European Union and the world has barely taken a breath from all the crazy it unleashed. Me? I take breaths. Reflexive panic is when mistakes happen.
Of course, there were different strategies needed for buying and selling real estate during the global recession. Regardless, panic served none well.
Sure there is opportunity outfoxing an ill-informed, reactionary mob, but within the topic of UK real estate, it’s doubtful any of us had a suitcase full of dollars ready to chuck at a property on June 24 following Brexit.
For the purposes of real estate, I’ll not comment on Brex-regret, hollow promises, and the current realities “Leave-ers” downplayed as inflated propaganda. Nor will I comment on “Leave” leaders now running for the door, including campaign ringmaster Nigel Farage. They’ve chosen to “leave” their mess to others, being termed “rats off a sinking ship.”
1 Comments
Leave a Comment
As forecast, news of a “hard Brexit” send the pound tumbling again, down another 7 cents today. As Brexit closes in, look for more drops. You may not be looking for a home, but each drop makes a UK vacation cheaper.