Today buy house in London it's a chimera, but in a couple of years it could be a deal. It depends on what it will be like Brexit: if the British government does not find an agreement with Brussels, causing the uncontrolled exit of Great Britain from the European Union (the so-called Hard Brexit), UK property prices will plummet.
The warning comes from Mark Carney, governor of the Bank of England, who – according to reports from the British press on Friday – would have presented forecasts on the possible economic consequences of Brexit to the Council of Ministers on Thursday evening, focusing in particular on what would happen in the event of no agreement with the Europe.
In particular, according to Carney, in the space of just three years property prices could fall by a quarter, but in the worst-case scenario the loss of value could be up to 35%.
Allo stesso tempo, il unemployment rate would risk increasing by more than 100%, soaring from the current 4% to over 10%.
And all this without counting that, at least for some time, air and rail transport between Great Britain and the European Union would remain blocked. With inevitable consequences on the trend of the GDP.
