Mayfair International Realty – Market Comment From DSRE, London Office

In the USA citizens are beginning to decide who will govern them for the next four years after the general election in November, whilst over the Atlantic in the UK residents will soon be deciding who will be in charge for a great deal longer.

The British public will vote in June on whether or not to leave the European Union. To go it alone or stay in the Union and put up with unseen Eurocrats in Brussels making decisions for them. It is not an easy choice.DSRE Brevard Listing Book UPDATE 3.0.indd

There are far-reaching financial, legal, security, social and sovereignty issues at stake. But to make it simpler to understand for those outside the UK it might be easier to think about it in terms of moving home. Nick Churton of Mayfair International Realty in London sets out the case. Should we stay or should we go? It is a very difficult question indeed. There are so many factors to take into account. What will happen if we stay where we are? What new opportunities might there be if we move?

But if we stay at least we know where we are. We have become used to it. Of course there are faults – many of which need to be fixed over time. The neighbours are reasonably friendly and do look after us a bit. We are secure here and they help keep out some not-so-welcome guests. But the neighbours can also be taxing, do not always see things our way and often try and tell us what to do. Next door are always good for a fine meal and make their own great wine. But they grumble a lot and never seem to be happy. Next door but two are in a huge place, run things like clockwork, always have wonderful, well-built cars and often seem to bail out our more cash-strapped neighbours which is nice of them. But over the years we have not always seen eye-to-eye at all have had some world-class fallings out.

Of course if we do move it doesn’t mean our neighbours won’t move away themselves over time if their friendships dissolve. So the old place might not necessarily be the same whether we leave or not. Then there are our Scottish cousins who live with us to consider. If we did move they might not want to move with us, but might rather stay with the neighbours thereby making our family smaller. Do we really want that?

Moving could mean finding ourselves in an isolated place. We would have to make new friends many of whom live a long way away. Yes, deciding whether to move house or not is a very big decision. Property exit – prexit – will be one of the biggest decisions we make. We will need to take a few months to think about being in or out of the market very carefully and be prepared to live with the outcome because if we do move there will be no moving back.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s