Interesting views in article from Today's DAWN newspaper. Wanted to share as it gives some idea that how international investors think.
With property prices in Britain predicted to plummet post Brexit, foreign investors, especially in Asia, are already poised for a buying spree.
It is an ironic twist to the shock referendum result ─ many who opted to leave the European Union saw their vote as a deterrent to outsiders looking to take advantage of economic opportunities in Britain.
Property prices are expected to take a hit, with reports of buyers pulling out of transactions due to market uncertainty.
But while there may be a "wait and see" approach for some, ambitious foreign investors are on the hunt for bargains while the exchange rate is so low.
"Several of my opportunistic investors have said we really ought to think about this seriously, and to think whether we should take advantage of this new window in the market," said Nicholas Brooke, chairman of professional property services for the Royal Institution of Chartered Surveyors.
Jameel Mughal® replied on Sunday, June 26, 2016 08:53 AM
UK properties are expected to fall 10% but benefit will nullified by hike in interest rate, If you go tomorrow in UK to ask about 25 Mortgage you will be astonished most will not offer on Fixed mortgage, If so on very high mark up like 7+ Percent if you are uk just try it. This will nullfy rather make all gains negative, I am not sure anyone is investing there in cash like we do in Pakistan. |
AHMAD HASSAN® replied on Sunday, June 26, 2016 10:34 AM
UK property prices are not going to fall. Prices will remain stable. 30 M European will leave UK this will create jobs and correct salries. Today I had chat one British from my Company & he told me that many will go back soon. Yes there will impact on export business which will be settled through new ties between Europe and UK. Currency will go down 10%. That investors will move money to property or gold. Good for gold business after a long time as it will go up now. |
Arif M® replied on Sunday, June 26, 2016 10:41 AM
For a foreign investor, have not prices already fallen because of drop in pond rate. UK Govt and many of its big companies lost millions/billions within span of few hours because of historic drop in pound rate. |
Habib replied on Sunday, June 26, 2016 11:27 AM
Corporate bond already reached 6.4% on Friday close, may rise further, Means people will not get mortgage cheaper. Now If someone want to buy an apartment for own purpose, that is OK but there will not be buying spree, resulting market will not hike soon, Few foreign or cash investors cant lift UK housing market finally these will be UK residents 99% of cases, who will not find it easy due to high mortgage rates.
http://www.telegraph.co.uk/investing/bonds/lend-money-to-these-big-brands-and-earn-64pc/ |
User_16407® replied on Sunday, June 26, 2016 04:41 PM
ppl with offshore companies should be more worried on this news, we should be more worried with increased oil prices and decreased remittances we will not be able to pay the debt accumulated and this will adversely affect the investment climate in pak as ppl will want to exit an economy that is rife with devaluation threat and currency instability
already economists are saying pak currency over valued by 15% what will happen to your savings if suddenly there is devaluation
any person who is holding his investment in ppty will be stuck as he will not be able to get his desired exit amount |
Brext and gulf replied on Sunday, June 26, 2016 07:01 PM
Brexit and Trump are clear signals to the minorities (including those of Pakistani origin) that they will find it harder and harder to survive and thrive in the West in future. Hence Pakistanis there will have to rethink the future of their next generation if they had earlier planned to settle there. Many thousands will return and bring their savings to Pakistan and this will boost the ecomony,real estate and the country.
Same is the situation with gulf countries. Its getting tough for overseas Pakistanis there.
In summary they will realise that returning to Pakistan might be a better option now rather than making the next generation spend their life justifying the color of their skin.
Future of Pakistan is bright and it will thrive in the coming years. |
Mortgage and interest replied on Sunday, June 26, 2016 07:06 PM
Mortage,credit banking ,loans in West etc is all based on interest and there is a reason why its forbidden in islam.
The muslims who go for it shouldnt cry when their lives becomes miserable because of interest as they should have avoided it in first place. |
