Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    11
    ReputationRep:
    ABOVE^
    Offline

    2
    ReputationRep:
    No

    staying in will only continue to increase the prices and at a faster rate as population continues to grow faster than we can build
    • Very Important Poster
    Offline

    19
    Very Important Poster
    No. There are many more significant issues that affect house prices than membership of the EU.
    Offline

    9
    ReputationRep:
    Housing prices will not decrease if we stay in the EU just like how they will not decrease if we are out of the EU - many people forget to look at the bigger picture and the various other factors that affect housing prices.
    For those who argue that housing prices will decrease if we LEAVE the EU they are right but this also means that the value of housing drops. So if one was to sell their house they would sell it for less and then buy a house whose value had also fallen (so overall there will be NO difference)
    Offline

    2
    ReputationRep:
    (Original post by Zara0526)
    Housing prices will not decrease if we stay in the EU just like how they will not decrease if we are out of the EU - many people forget to look at the bigger picture and the various other factors that affect housing prices.
    For those who argue that housing prices will decrease if we LEAVE the EU they are right but this also means that the value of housing drops. So if one was to sell their house they would sell it for less and then buy a house whose value had also fallen (so overall there will be NO difference)


    The value of anything is due to demand and supply. Simple economics. There are other factors such as GDP, however in a developed country, these will remain relatively stable unless a major economic downturn occurs like the Eurozone crash, which we have no power to stop. So it's mostly down to most things like supply and demand. The government builds x number of houses per year. If the population increases by 1 million every 3 years. That is a significant increase in demand of about 1.5%. This is far greater than the number of houses being built, so prices will increase. However although prices will rise, the rate depends on spatial where u are. Urban areas/cities will receive the fastest house price rises, whereas rural areas, will only see a mild increase.

    Edit; On a second glance of his quote i get what he's trying. But that's not the point, people want the value of housing to drop so it's affordable, its a good thing!
    Offline

    16
    ReputationRep:
    Nobody really knows
    Offline

    3
    ReputationRep:
    (Original post by Zara0526)
    Housing prices will not decrease if we stay in the EU just like how they will not decrease if we are out of the EU - many people forget to look at the bigger picture and the various other factors that affect housing prices.
    For those who argue that housing prices will decrease if we LEAVE the EU they are right but this also means that the value of housing drops. So if one was to sell their house they would sell it for less and then buy a house whose value had also fallen (so overall there will be NO difference)
    Ignoring the economics and looking at the maths, most people looking to sell their house and buy a new one are looking for a more expensive property, so lower proces will mean less of a difference. Therefore lower prices being a good thing.
    Offline

    12
    ReputationRep:
    I very much doubt prices will drop
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Has a teacher ever helped you cheat?
    Useful resources
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Write a reply...
    Reply
    Hide
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.