EU Referendum – Landlords Reactions

EU Referendum – Landlords Reactions

9:45 AM, 24th June 2016, About 9 years ago 67

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EU Referendum - Landlords Reactions

UPDATED ARTICLE

At 22:30 on 22nd June 2016 we launched an EU Referendum Poll to see which way Landlords would be voting. The Poll confirmed that Landlords reading Property118 would be voting Brexit and as we now know, that is what happened. Interestingly, prior to the result being known, a greater percentage of landlords who took part in the Poll advised they would vote Brexit than the Nation did generally. Our Poll result just before midnight on the 23rd was 59% in favour of Brexit. We have left the Poll open to see if this changes.

Judging by social media generally it is likely that quite a few of our members will want to comment on why they voted the way they did and to debate what the outcome will mean to property investment in the UK. The debate rages in the comments section below.

If you haven’t already done so you can still cast complete our Poll. We added a name and email field so that we can send you an email with the final results of our poll when when we eventually decide to close it. Your information will remain confidential.

We are particularly keen to understand what landlords believe the impact will be on the UK property market.

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Comments

AnneJ

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12:49 PM, 23rd June 2016, About 9 years ago

Do we want to be part of little England or of Great Britain? I certainly choose the latter - VOTE REMAIN

Mark Alexander - Founder of Property118

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12:50 PM, 23rd June 2016, About 9 years ago

I live in Malta and gave up my right to vote so I like to think of myself as independent. I honestly wouldn't know which way to vote if I could. All I know is that there are difficulties in every opportunity and opportunities in every difficulty.

With regards to immigration, I agree with the people who say the UK needs it. However, I cannot see why a Brexit vote would harm immigration. Surely it would put the UK in control of it? We didn't have open borders in the 50's, 60's and 70's but that did not prevent us opening the doors to millions of immigrant workers from outside the EU did it?
.

Michael Bond

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12:55 PM, 23rd June 2016, About 9 years ago

I am 74. The first time I ever voted was in 1975 when I voted to stay in the Common Market. This time I am voting to LEAVE. I want to live and I want my children and grandchildren to live under a government which we/they can vote out of office, and which therefore feels that it had to take some account of the views of those who elect it. The EU is not like that. We should never forget that the whole point of it is ever closer union and a European super-state, and one of the means fo achieving this is to make it appear to gullible voters that it is all about economics. So my main reason for my decision is not primarily about my property business, although we hear rumours about what the EU would like to do about for example B-T-L mortgages. We can vote Gorge Osborne out of office but we cannot vote the EU bureaucrats out of office.

In 1974 Europe was the future. Now Europe is the past. The future is China, India, Singapore, the Gulf, North and South America, etc.

Stan Barlow TEE LTD

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13:11 PM, 23rd June 2016, About 9 years ago

Reply to the comment left by "Mark Alexander" at "23/06/2016 - 12:50":

This is a very fair comment, by Mark.

Change of subject has the bomb damage from the war been cleared up yet. When I was in Valletta a few years I spent some time with a Tommy who spent all 6-years of the war stationed there.
He found it hard to believe that the street he spent a lot of `spare time' in [you know the street I mean] was still the same as in 1945?

Mark Alexander - Founder of Property118

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13:24 PM, 23rd June 2016, About 9 years ago

Reply to the comment left by "Stan Barlow" at "23/06/2016 - 13:11":

0% CGT and the 5% corporation tax rate (capped to €500,000) for online gaming companies has resulted in a massive transformation of the island of Malta, its economy, property values, prosperity and the general infrastructure.

Seeing is believing https://www.property118.com/5-star-malta-from-199-for-a-week/87016/
.

Stan Barlow TEE LTD

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13:54 PM, 23rd June 2016, About 9 years ago

Reply to the comment left by "Michael Bond" at "23/06/2016 - 12:55":

which Michael Bond are you? Paddington [Bear] or do you live in Ealing

Sondra McCrohan

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14:13 PM, 23rd June 2016, About 9 years ago

Reply to the comment left by "D D" at "23/06/2016 - 09:27":

It is a very hard decision to make indeed for some of us... hopefully people have taken the time to do their own research, not to just listen to the waffle and untruthes of the politicians, who in my humble opinion are mainly self serving. Personally, I have listened to the politicians debate and haven't confidence in any of them! There is a lot of chat about remaining being the safest, least risky thing to do... but is that really the case? It's clear to me based on my research that there will be a United States of Europe, which means a single currency... it won't work otherwise. Along with this will be the United States of Europe federal laws governing the UK. Now this may be fine to some, if so vote remain. I believe that a vote to remain is a mandate to forge ahead with plans for a United States of Europe. The Euro Commission President has stated clearly there will be no more negotiation with UK. Immigration is an uncomfortable subject... but the fact remains the waves of unskilled migrants does have social and economic impact on the UK, it is not sustainable and we are already seeing the affects socially and financially. Should we be looking to manage this better? Skilled workers in numbers that are manageable, allow time to acclimatise before the next round. Hundreds of thousands each year just does not make economic or social sense. The financial state of a high number of the Eurozone countries is worrying... close to bankruptcy, Greece is far from being resolved make no bones about that one... Next will be Italy. The European Central Bank injects 40billion Euro per month to revive lending, because the European banks are in so much debt that don't have the cash to lend enterprises. It is far more likely, in my opinion, that remaining will mean the UK taxpayer is worse off. How then could things be better if we exit? Strengthen the UK international trade - btw, the most growth in the UK has been with non-EU countries since 1999 (unlike Germany where their growth comes from within the EU, wonder why?!)... imagine if the shackles are taken off what we could do? We could offer incentives, make tax and regulations more attractive to businesses to stay or do business with the UK (I don't think many existing will run for the hills anyway). There is so much potential for exiting... I can't see the potential for staying, just more of the same, but likely a bigger impact on the UK economy, our pockets, infrastructure / services... and democracy. Something worth considering... why are the EU negotiating a bilateral transatlantic deal with the US???? If you read up on this, you will understand that this does not benefit the people of the EU, far from it... but the big businesses. http://www.independent.co.uk/voices/comment/what-is-ttip-and-six-reasons-why-the-answer-should-scare-you-9779688.html . Legislation in the EU is heavily influenced by the strongest lobbyists... the corporations who have the time and money to stay permanently on Brussels doorstep.

I too was undecided for a long time, but I researched and thought hard about this... we will never know both outcomes, that is impossible, but I personally think we are better off out even with a short term wobble!

Andy Boothman

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14:47 PM, 23rd June 2016, About 9 years ago

I've seen a lot of comments about how from a landlords perspective it may be better to vote IN.
We are mostly landlords but I have voted OUT this morning. This is because I voted for the common good of the country and not from a narrower very short term personal perspective. (In any case I do not believe there'll be any ongoing negatives for landlords!)

I love Europe, I am married to a Spanish lady, live a lot in Strasbourg have 4 fantastic daughters that speak French/Spanish/German and English but I HATE rule from Brussels.

If we manage to get out there may be some short term trauma but it'll be followed by a much better chance for prosperity than if we remain hitched to Brussels dictates.

I also believe that after an initial flurry of exchange rate movement the property market will stabilise and we'll be in a much better position financially. It may well be that England becomes fare MORE attractive for people with money that wish to invest in property outside of the sinking European dream.

This is the best chance we'll have to get out from under the undemocratic lobby driven Big corporate/big bank controlled Brussels mafia.
Stronger, Safer and better off as an independent country controlling our own laws, trade, borders and financial affairs - Vote OUT!

Sondra McCrohan

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14:57 PM, 23rd June 2016, About 9 years ago

Reply to the comment left by "Simon M" at "23/06/2016 - 12:29":

Does that mean you will run Simon?! 😉

Sondra McCrohan

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15:00 PM, 23rd June 2016, About 9 years ago

Reply to the comment left by "Andy Boothman" at "23/06/2016 - 14:47":

Agreed!

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