HGTV’s Richard Blanco: Brexit, Taxes and Money Laundering in London

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Regardless of whom you read, Brexit it having a negative impact on central London housing. An Oct. 17 European Union summit was presaged by European Council president Donald Tusk saying yesterday there is “no grounds for optimism” given the state of negotiations. Coupled with fresh inflation data, the pound was down again. Since the Brexit vote, the pound has almost exclusively traded +/-$1.30 where as it typically had ranged in the $1.50-$1.60 range previously.

Adding to the stress, in early October, two more large financial institutions announced plans to shift some London operations to Paris with whispers of more to follow. Financial services is one of the largest employers in London as well as one of the highest paid. Removing significant quantities of high-earners will cause a glut in some price bands as relocated staff sell up for Gay Purr-ee.

During my London holiday, I was able to meet with a host of HGTV’s House Hunters International, Richard Blanco. A Spanish national growing up in the UK, Blanco schooled in theater and dance – a story common to many real estate professionals whose early interests gave way to a profession in property. So far Blanco has chalked up over 30 House Hunters International episodes including being the only presenter to work in multiple countries (eagle eyes have seen him in Spanish episodes). He’s currently a spokesperson for the UK’s National Landlords Association and is a regular commentator on various television shows – in fact, Blanco had popped into the BBC earlier in the day. For those wanting a regular dose of the London property market, Blanco produces a monthly podcast Inside Property.  In his spare time, Blanco flips homes he buys at auction.

Head over to SecondShelters.com for more.

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Jon Anderson

Jon Anderson is CandysDirt.com's condo/HOA and developer columnist, but also covers second home trends on SecondShelters.com. An award-winning columnist, Jon has earned silver and bronze awards for his columns from the National Association of Real Estate Editors in both 2016, 2017 and 2018. When he isn't in Hawaii, Jon enjoys life in the sky in Dallas.

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  1. Carole says

    We like watching house hunters international.
    But when you were in Rota you said something extremely upsetting! While making a large swinging motion you said there was, “enough room to swing a cat”!
    You must know how harmful that would be to a cat. Even pulling on their tails can be harmful. What message are you sending out to children?
    You may think I am overreacting but I would like you to consider what I am trying to tell you.
    Respectfully, Carole in Virginia

    • Kay says

      That is just an old saying used primarily by the British.

      …not enough room to swing a cat. Very little space, cramped quarters, as in There’s not enough room to swing a cat in this tent. This expression, first recorded in 1771, is thought to allude to the cat-o’-nine-tails, or “cat,” a whip with nine lashes widely used to punish offenders in the British.
      I don’t know if anyone who would take that literally.

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