-
So sit tight and see what happens?
I can't see that anything else makes sense - there's so much uncertainty.
If we look at the options:
No deal Brexit:
By the time we reach this point the economy will be in serious trouble as the likes of Airbus, JLR, Honda, Nissan etc will all be pulling out alongside the banks. House prices will be impacted - based on the last financial crash they may be 50% of todays pricesExtension of A50:
I'd expect this to be accompanied by what might best be termed as "managed decline", as without any certainty available in the UK investments are made where there is certainty, our economy will contract alongside this and house prices will steadily fallA50 revocation:
We likely cling onto the lowest growth in the EU, I'd imagine a slow correction to house prices given that a significant amount of economic damage has been doneUnicorn Brexit:
The EU changes it's mind and gives us the three freedoms without the fourth, a better deal than any EU member, because of it's admiration for our British pluck, the economy trebles in a month and lemonade is free forever, house prices rise as if strapped to a Saturn-V
In nine months we may be deep in recession, I get that we all need somewhere to live - and that the value of what you have to sell will also go down, but if we posit a return to the prices of the last crash (which, don't forget, was global and therefore moving away would not fix) that 900,000 pound house is now 500,000, so your total exposure and salary multiple is much healthier.
9 months is a while, but negative equity could be a significant bummer - and that's got to be a very significant risk if you purchase today.