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Posted by: | Posted on: May 7, 2021

Brexit jitters

first_imgJoining the big Brexit debate, estate agents across the UK are commenting that the EU Referendum is causing havoc in the property market.Paul Smith, CEO of haart (left), said, “The EU referendum is causing high levels of short-term uncertainty, making both buyers and sellers nervous, resulting in a fall in activity. New buyer demand for example, declined 5 per cent on the month in May across the UK and 6 per cent in London. This is in turn leading to a slowdown in house price growth.“Whether we remain in the EU or not, the UK, particularly London will not falter as a safe haven for investment. It is the uncertainty around our status in the EU that is causing the market to stagnate, once we know the outcome, regardless of what it is, the property market will become reinvigorated. In the long term, house prices will bounce back once more as the age-old problem of a disparity between the amount of stock available and the number of buyers competing, rears its head.”Meanwhile Richard Barber (right), Director at W.A.Ellis, said, “Transaction levels within Prime Central London, which have halved since March, according to LonRes; only 110 houses have sold within SW1, SW3, SW7, SW10, W8, and W14, which is indicative not just of the hesitancy surrounding the EU Referendum, but the huge increase in the cost of moving at the upper end of the market.“Various apocalyptic visions of what may or may not happen if we leave the EU on June 23rd have continued to confound the electorate over the last two months. As a result, it would appear that buying a new property has been put on hold by the majority of potential purchasers until the future of the UK is determined”Adrian Gill (left), director of Your Move and Reeds Rains added, “The housing market is holding its breath ahead of the EU referendum and after a rapid sprint at the start of the year. This 0.4 per cent dip in average house prices in England & Wales since April will be a welcome respite for those hoping to get their first foot on the ladder. The stamp duty surcharge and the Government’s anti-landlord policies are weighing down the market, but the main factor is short-term confidence ahead of the 23rd June referendum.”Stephen Matthews, Director, Greene & Co. said, “Buyers and sellers are choosing to wait for the result rather than acting now and as a result we’ve seen a slowdown in activity levels over the last few weeks. It’s important to note however that despite speculation, we see this merely as being a delay to the market; as with all elections and referendums, the property market experiences a slight dip and normally recovers relatively quickly once the results are known. It is important to remember that the property market is often driven by need – families need to move because of schools, jobs and changing circumstances and those factors will always override economic uncertainty. In the case of a Brexit, it may take a little longer for the uncertainty to die away as we wait for the renegotiations with Brussels to take place but in the long term the UK property will return to its position and a bastion of strength.”Paul Smith Adrian Gill property market Richard Barber Brexit Stephen Matthews EU Referendum 2016-06-16The Negotiator Related articles City dwellers most satisfied with where they live30th April 2021 First-time buyers, not Stamp Duty, now driving market says leading agency29th April 2021 Lettings market booms as millions seek new homes after lockdown29th April 2021What’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed. Home » News » Housing Market » Brexit jitters Brexit jitters16th June 20160645 Viewslast_img read more

Posted by: | Posted on: September 26, 2020

Dengue fever cases continue to rise in Bahamas

first_imgBy Chester RobardsNassau Guardian Staff ReporterIn photo: Dengue carrying mosquito. Photo credit: gather.comNASSAU, Bahamas — It has been confirmed that more than 90 people have contracted dengue fever in The Bahamas, according to Minister of Health Dr Hubert Minnis.Though the number of people visiting local clinics fearing they may have contracted dengue fever is rising, Minnis told The Nassau Guardian on Wednesday that there is no cause for alarm.However, he said the Ministry of Health will begin to issue frequent updates to the public about the spread of the virus, as it did on Wednesday.Dengue fever is transmitted through the bite of the aedes aegypti mosquito. The Department of Environmental Health Services said last week that fogging had commenced throughout New Providence and some of the Family Islands in order to reduce the mosquito population.The Ministry of Health warned in its statement on Wednesday that individuals should take steps to reduce mosquito breeding grounds around their homes by removing all standing water in discarded cans, bottles, and tires and draining water from the base of planters.Minnis said last week that people should also use approved household insecticides and ensure that windows and door screens around their houses are properly sealed.“Once you do your part and we do our part, we will keep the mosquito population down,” he said.Emile Lesbott, 55, who became infected with dengue fever on Saturday told The Nassau Guardian that he would not wish the illness on anyone.In addition to muscle aches and headaches, he said he developed a dislike for the taste of food.“I came down with the chills then spiking fevers and then what happens is that the virus somehow interferes with the blood stream and changes the way you taste food,” Lesbott said. “It was like I was naturally fasting.”Though Lesbott was hospitalized for a few days, he overcame the virus as most people do.Dengue hemorrhagic fever is the most deadly form of the disease and it is not common in The Bahamas.Lesbott said his son also contracted dengue fever, while his daughter only showed symptoms.Caribbean News Now Share Sharing is caring! HealthLifestyle Dengue fever cases continue to rise in Bahamas by: – July 29, 2011 Sharecenter_img 32 Views   no discussions Tweet Sharelast_img read more