"real estate will become a little more affordable"
For many people in the UK any decrease in house prices is regarded as a very bad thing indeed.
For many people in the UK any decrease in house prices is regarded as a very bad thing indeed.
For many people in the UK any decrease in house prices is regarded as a very good thing indeed. (perhaps i'd be able to finally afford a property!)
Foreign property investors shifting away from London will be bad for people whose primary contribution to the economy is buying up properties, and good for everyone else who lives or works in London.
This argument requires some hard numbers to make.
A significant number of owners bought their homes a long time ago and won't be affected.
A significant number of owners live in areas where prices were not affected by EU investment.
A significant number of NEW prospective owners will have access to lower prices in currently extremely crowded markets.
So, less alarmism, more facts and numbers please.
[Citation Needed]
EU membership has improved the _entire_ economy, and thus house prices nationwide.
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I can't quite tell if you are from the UK or not, but fixed rate mortgages are not normal. Even purchasers who purchased 20 years ago commonly have to refinance their property every two years or so in order to get a fixed rate.
Combined with only 19% of the population (never mind more stock value than their primary residence value) owning any stock, stock ownership among the general population there is not like the US.
That basically means some majority of people there at least are using real estate as their primary store of wealth.