When downsizing is on the cards

[Monkeypuzzlesandwich]

...and you have grown up children and no other half - so the world is basically your oyster..where do you go? Flat in a city or a house by the sea?

That sounds like a good plan, Savage - why did you pick Yorkshire? Do you have friends/family there? I know you can get so much more for your money up North. I don't feel I know it well enough to move there permanently tho'.

Good point, Magi.

I am from there and partner is there.
Can buy 4 bed house in lovely area for £400,000...a million here. Crazy.
I can't wait.
Mind you it's costing me £40,000 in rent for 18 months

Does anyone think Brexit is going to have an impact on house prices..?

I haven't got a clue.

I think the vote will be with remain & I do think that many financial decisions are being delayed until the result is known.

I'll be honest, it is making me nervous from a selling point of view

I can't see demand for property reducing much as a result of Brexit. London and the South-East is so in demand from homeowners and investors (both domestic and overseas) that it keeps the prices high. Even if a few multi-nationals decided to relocate, the demand is still likely to be there. Because of limited supply and all the attractions of the South-East, I doubt there would even be a blip in the market.

Restricting investment by overseas buyers would have a greater impact, but tbh, it would take a big change of strategy for that to happen. It really isn't in the interests of business or politicians to do so, despite the effects this has on the housing market generally.

Houses are going very quickly in Yorkshire.
Sold house here in 8 weeks, but it was expensive so didn't get masses of viewings. But she was a cash buyer (1.4m)

The thing is I'm sure a lot of people were confident right before the last crash happened and didn't think it would happen to them.
For a few years now people have been talking of an impending crash and history tells us we are due one any time! I read earlier that Hackneys property price had gone through the roof in the last few months, apparently the same thing happened to that area right before the last crash. I just hope I can get rid of my huge mortgage before anything nasty happens. To be honest if your house is bought and paid for it really doesn't make much difference but if (like me) you are relying on equity then it's definitely something to keep at the back of your mind.