You know what ? Most people think that Brexit is very bad news for the UK. If you question the French, the Germans, they think mostly the same thing.
That’s why it’s interesting when someone thinks differently. This is the case of James Dyson.
You probably know him: he invented vacuum cleaners without a bag, with a centrifuge. He also installs these new hand dryers everywhere.
James Dyson believes that the post-Brexit will be very good for the business. And so do I. And that there are objective reasons to worry about the future of the European Union.
But do not worry too much: Europe is an old lady who has seen many things and is able to adapt.
Apple has announced that it will create a headquarter in London Battersea Power Station. There will be other activities in the building as a shopping center, offices, hotels and a space for arts and housing 3400. Apple will rent a space of 46,000 square meters (500,000 square feet =) over 6 floors. This will allow Apple to close these offices in London and unite all staff in this building. A sign that Apple does not fear Brexit?
The property prices are expected to decline in England over the next three months, and in London during the next 12 months. In this atmosphere after Brexit, neighborhoods should get out are: Ealing, Waltham Forest, Kingston Upon Thames, Southwark and Hackney. But in a climate of recession, while not falling at the same speed, and we have seen prices increase, in Paris in uptown, while the suburbs continued to decline.
Here is a beautiful manor house of three floors in Kent County dating back to 1870. The property also includes an adjoining cottage with two bedrooms, a three-car garage, a gym, a heated pool, a tennis court, gardens and a pond , all for three million pounds or $ 4 million. The land is 10 acres and house 8,100 square feet. It would be advisable not to rush to buy this house even if the services are impeccable because Brexit came to change everything and generates uncertainty. If the gross domestic product of England were to decline, real estate could be affected.
Judge for yourself: A house of 11,000 square feet bought $ 16.25 million in 2014, up for sale $ 20 million in 2015, will finally sold $ 15.95 million in 2016, a loss. This is not the Brexit because the decline was already observed. All this is in large part to the slowdown of the global economy, which has a direct impact on the living standards of billionaires. And the price cuts are seen especially for the most expensive properties.
By nature people are too confident, whether in fields as diverse as finance, politics or sports. Generally, people think what they think or feel is much better than the reality. Where big surprises when the British vote yes for Brexit, destabilizing the European and global finance. Thus, we must ask the right questions, such as: Why are people overconfident? How do you know when you are too confident? How can we avoid overconfidence? These and many other assorted answers are developed in this article. This can help avoid big mistakes in buying a property that often engages people in repayments over 20 or 30 years.
Voting for the release of the UK from the European Union may have repercussions on the real estate market, both in the United Kingdom, Canada, and by extension the United States. The affected sectors include the London offices, industrial facilities and logistics hubs of manufacturing, with increased demand in other countries of the European Union. But most concern for financial markets. It will be important to monitor the state of the UK economy over the next 12 to 24 months.