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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (117798)	10/26/2016 1:44:03 AM
From: John Pitera	Read Replies (1) \| Respond to of 217556

HI ggersh, I lived in London when I was 12, several of my friends do a lot of business out of London. Prices for UK real estate have dropped 20% in real currency terms for those whose base currency is the USD, CHF, EUR etc. and the new PM is not playing nice and the majority of the major foreign financial firms in the city are looking at relocating thousands of high end jobs to other financial center..... NY may be the net biggest beneficiary. Message #117798 from ggersh at 4/3/2016 6:55:50 PM My take is that you don't know London, it's the worlds capital in more ways than one, prices wont take a hit if they Brexit, IMO ------------------------------------------------------------------- London House Prices Forecast to Plunge as Brexit Chokes Market Lucy Meakin October 25, 2016 — 7:01 PM EDT London property prices are set to fall next year as uncertainty about Britain’s exit from the European Union damps the U.K. housing market, according to the Centre for Economics and Business Research. London, and especially the priciest areas of the capital’s housing market, will be most affected, with prices dropping 5.6 percent in 2017, according to the consultancy’s predictions. Across the U.K., while property value growth will accelerate to 6.9 percent in 2016, its is set to slow to 2.6 percent next year. “Nervousness and uncertainty are starting to show,” said Kay Daniel Neufeld, an economist at Cebr. “We expect to see house-price growth across the U.K. slowing considerably in the fourth quarter of 2016, a trend that is set to continue in 2017.” While the housing market was already facing headwinds from tax changes before June’s EU referendum, investors are becoming increasingly nervous about the possibility of a so-called hard Brexit. That could see the U.K. giving up membership of Europe’s single market for goods and services to secure greater control of immigration. Accelerating inflation, increasing unemployment and slowing business investment are all set to weigh on house prices, while curbs on migration and a retreat from the single market could slow demand from international buyers, the Cebr said. bloomberg.com JP

To: ggersh who wrote (117798)	11/25/2016 1:04:04 AM
From: John Pitera	1 Recommendation Recommended By Elroy Jetson Read Replies (1) \| Respond to of 217556

London Property Prices Falling Faster Than You Think, NAMA Warns Dara Doyle November 24, 2016 — 8:31 AM EST *U.K. real estate prices may be dropping at a much faster pace than official reports indicate, according to the Irish agency that manages property loans acquired from bailed-out banks.* Reports since Britain’s vote to leave the European Union point to the value of land in central London declining by more than 10 percent in the past year, while house prices are 11 percent below their 2014 peak, said Frank Daly, chairman of Ireland’s National Asset Management Agency, known as NAMA. “Our analysis suggests that the *fall in U.K. prices may be much higher than official estimates,”* Daly told lawmakers in Dublin on Thursday. “Analysts are forecasting that prices will fall further over the coming years, partly in response to a weakening economy and to the likelihood that companies will move staff overseas in response to Brexit.” Irish ministers and executives are closely monitoring economic and market developments in the U.K. because the country is Ireland’s largest trading partner along with the U.S. Earlier this month, Stephen Vernon, chairman of Dublin-based Green Property, said London’s real estate market is “tanking by the day.” Office values in the City of London financial district *fell the most in at least seven years in July after the Brexit vote in June,* according to CBRE Group Inc. Home prices in the U.K. capital fell for a fifth month in August, the worst streak since 2009, as higher taxes and the referendum result damped demand. Explore Housing Prices in LondonNAMA took over billions of euros in risky debt following the financial crisis in 2008 and Ireland’s international bailout. The agency’s debtors have 800 million pounds ($995 million) in assets located in Britain, down from 12 billion pounds in 2011. Among loans NAMA took over were those linked to the Battersea Power Station site on the banks of the River Thames. It sold them on in 2012. --------------------- ggresh.... quite often I know markets.... not always but I have my moments. bloomberg.com

To: ggersh who wrote (117798)	11/25/2016 1:05:46 AM
From: John Pitera	Respond to of 217556

London Property Prices Falling Faster Than You Think, NAMA Warns Dara Doyle November 24, 2016 — 8:31 AM EST *U.K. real estate prices may be dropping at a much faster pace than official reports indicate, according to the Irish agency that manages property loans acquired from bailed-out banks.* Reports since Britain’s vote to leave the European Union point to the value of land in central London declining by more than 10 percent in the past year, while house prices are 11 percent below their 2014 peak, said Frank Daly, chairman of Ireland’s National Asset Management Agency, known as NAMA. “Our analysis suggests that the *fall in U.K. prices may be much higher than official estimates,”* Daly told lawmakers in Dublin on Thursday. “Analysts are forecasting that prices will fall further over the coming years, partly in response to a weakening economy and to the likelihood that companies will move staff overseas in response to Brexit.” Irish ministers and executives are closely monitoring economic and market developments in the U.K. because the country is Ireland’s largest trading partner along with the U.S. Earlier this month, Stephen Vernon, chairman of Dublin-based Green Property, said London’s real estate market is “tanking by the day.” Office values in the City of London financial district *fell the most in at least seven years in July after the Brexit vote in June,* according to CBRE Group Inc. Home prices in the U.K. capital fell for a fifth month in August, the worst streak since 2009, as higher taxes and the referendum result damped demand. Explore Housing Prices in LondonNAMA took over billions of euros in risky debt following the financial crisis in 2008 and Ireland’s international bailout. The agency’s debtors have 800 million pounds ($995 million) in assets located in Britain, down from 12 billion pounds in 2011. Among loans NAMA took over were those linked to the Battersea Power Station site on the banks of the River Thames. It sold them on in 2012. --------------------- bloomberg.com