The economy in the UK is not looking good at present and tough times are ahead for many in 2009, in regard to our emigration dreams this concerns us in a couple of ways, we assumed that by selling the house we would be able to buy over 50% of a new property in NZ and getting a mortgage for the rest....as alot of people do, but with the down turn the house may have lost substantial value, this concerns us...
On a seperate note the pound has crashed, I have a freind who is Australian and is returning in January he has about £35,000 in savings but is not prepared to take the loss being caused by the weak pound...I can understand his concern and he will be doing it bit by bit, he has lost about $10,000 Aus dollars within the last 6 months alone, well hes not lost it, but its valued has been lost....
So although our dream is a year or so off, we are concerned that the house will have lost value and the savings we have will have much less value when converted...we will be watching the economy closely, as it is now, we will have to rent the house and rent in NZ (if we get there) until things settle and the pound regains its strenth..who knows whats going to happen.
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