3 ms·
>There's a lot riding on the London real estate market at the moment, the financial centre of Europe might be about to shift, and a whole lot of people who live
by gozur88 10y ago
>There's a lot riding on the London real estate market at the moment, the financial centre of Europe might be about to shift, and a whole lot of people who live on the wrong side of the border may or may not be incentivised to cross back (both EU migrants and British pensioners).
The London real estate market is in a bubble, which should be obvious by the number of places that are purchased and then left empty. The sooner a bubble like that pops the better, but in this case Brexit is likely to prolong it - the UK in general and London in particular have gone out of their way to attract wealthy people, and Brexit will make it easier.
That goes double for the financial sector.
Most of the doom and gloom economic stuff is just a primal scream from people who are angry at those clods in the UK who decided they would vote in their own interests.