Brexit effect on BTL?

PS: With the 3% stamp duty deadline fast approaching, my area of the country is seeing a lot of buy/sell activity during the last few weeks.

Maybe if we vote to BREXIT, then similarly, there will be a rush of new immigrants trying to get here and get settled before the exit is completed? That could boost demand in the shorter term?

I don't see leaving the EU will have any effect on BTL. At the moment we cannot house the population and that will remain the same for many years to come, and we will still have to allow an amount of free movement of labour to trade with the EU.

We have bigger issues that will affect privately owned BTL with our frighteningly uninformed chancellor doing everything he can to destroy our business whether we are in or out.

From Turhan Mustafa:

"27.02.2016 Brexit In or out how should we know? It is like presiding over a murder trial without evidence………are we seriously to vote on such an important subject in just a few weeks with no credible argument FOR or AGAINST except for scaremongering tactics . …….. And should we finally be presented with volumes of information on facts & figures it no doubt will be well balanced by economic & political experts both sides of the fence argument & counter argument leaving everyone none the wiser …..

For my own part I bring it right down to a basic analogy of personal experiences in every day life and some good old proverbs

“Good fences make good neighbours” “A chain is only as strong as its weakest link” “Different strokes for different folks” …...In theory being part of a team should be safer & stronger but if you have a rowing boat scenario with 3 /10 Oarsman doing all the work you may as well get rid of the dead weight!

A further example - for more than a decade I had Gym membership paying huge sums annually but despite my best efforts it was barely used & at times with a busy business life often it was difficult to attend classes….. The luxury & cost was simply NOT worth the additional stress it caused me and I gave it up .

In the end I have adopted a pay as you go policy perhaps a little more expensive each session, but weighed up against the times I don't want to use it through the year …overall in many respects more beneficial. It allows me to make the rights decision over what is best suited for my needs at given time, rather than forcing the issue …EU membership? ….Up till now I have been on the fence now gradually falling over to the other side & OUT!"

Reply to the comment left by "Dixie Dean" at "27/02/2016 - 10:59":

You want democracy Dixie and you want to be part of a union you will never be able to change, vote out, challenge or influence.
We will at best have 1/27th that's 1 twenty-seventh a say and no one will be listening to what's best for Britain or anyone else for that matter.

Democracy? forget it, it's the last you will see of your voice, your vote, no-one will care a hoot. The EU committee does what it wants and is challenged only by UKIP. It doesn't get audited and explains itself to not a soul.
Imagine if the Tories or Labour did that, can you imagine the uproar.

Think about it

Here is a brief analysis, including some interesting pros for landlords in remaining in the EU:

https://www.urban.co.uk/blog/post/Should-I-stay-or-should-I-go-What-does-the-EU-referendum-mean-for-me.aspx

I don't see any chance of a reduction in immigration if we stay in the EU, whereas in theory, if we had control of our borders outside, we could allow in who and how many as we chose. The costs of membership are tremendous, as already pointed out, so considerable savings could be made by exiting. We currently run a huge trade deficit with the EU, so the fears about a trade war commencing initiated by a brassed off Euro elite are completely overblown. The biggest worry we have in this country concerning the PRS and Buy to let are completely home-grown in the form of the Chancellor and the Governor of the Bank of England, who are both trying to skew the market towards first time buyers by clobbering private landlords, hence the loss of the 10% wear and tear allowance and the Tenant tax etc., Their continued blindness to the likely outcome of increased rents and a glut of properties being put up for sale (Their true aim, in order to produce a reduction in house prices) will likely result in a massive recession instead, with numerous mortrgages going bad and a huge slowdown in the economy in general. It will make the last recession look like a walk in the park. The trouble is, the banks are sitting on a timebomb already, the interest rates are at rock bottom and they can't keep printing money any more because we are at the limits of our deficit spending. Yes folks, Brexit will really be the last straw I think for the current splurge, so bring it on is what I say, it is time for a good cleansing, .

The biggest worry if we vote to remain will be, every time in the future we want change in the EU Brussels will just say 'you voted to stay now put up with it'.

We will lose any power we have and our views will be ignored completely.

Reply to the comment left by "Colin Dartnell" at "29/02/2016 - 08:44":

Why would that be the case?

Granted, we would lose the "be nice with me or I'll leave" card, but frankly that is rather childish and not a viable long term strategy anyway.

The UK is a major member of the EU and therefore carries more influence than most.
So, we would simply be expected to stop being an unwilling member.

Without the UK it is difficult to create counterweights to Germany, so I'm sure that the UK's voice will not be ignored.

If we carry more influence than most then what Cameron achieved after weeks wasting his time in Brussels is pathetic and will make little difference to the 'in' argument. He is so incredibly out of touch with the voting public. Everyone I speak to from plumber to accountant, service director to housewife, teacher to landlord, magistrate to electrician has quite simply had enough of unlimited immigration. An 'out' vote won't solve this entirely but is a step in the right direction. An 'in' vote will most certainly carry on the unlimited immigration that Osborne will further encourage with his socialist minimum wage. Our little island is creaking already - NHS, Schools etc. Us landlords have done well out of immigration and we should make no apology for this but enough is enough - I'll be voting 'out' even though it may impact negatively on the BTL demand because I want to leave the legacy of a decent place for my kids and theirs to live in.

All the trade waffle is scaremongering. The free market will prevail and for every sulking European we will have a happy Indian/Chinese person as other markets open up. Have confidence in our ability as a once great nation and don't listen to the self interested politicians who just want to sit on the EU gravy train once they have failed in their home country.