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The Afan Valley project was a massive ponzi scheme!

The Afan Valley Resort Project was created and designed by Gavin Woodhouse. The Afan Valley Resort Project, located in Wales, was estimated to cost around £200 million and had previously been endorsed by celebrities (such as Bear Grylls). The proposed Afan Valley Project seemed to be wholly beneficial for the local community; it would attract plenty of customers to the area, hence meaning that consumer spending would be likely to increase as a direct result of the project. What is more, the Afan Valley Project was set to offer the equivalent of 700 full-time jobs. This level of employment would go a long way to improving the quality of life for a lot of people, therefore leading to greater levels of economic development. However, according to reports made by the ITV News investigation team, Mr Gavin Woodhouse’s business affairs are somewhat dodgy. This has led people to question whether or not the Afan Valley Resort has a future, and whether further investigations should be made into Mr Woodhouse’s businesses. Let us, hence, explore the commotion surrounding Gavin Woodhouse and see the effects that this could have on the Afan Valley Resort Project.

According to reports made by the ITV News investigative team, Mr Gavin Woodhouse raised tens of millions of pounds through investors in order to fund refurbishment and construction projects. It was, however, discovered that a large amount of these projects were incomplete, hence meaning that the investors’ money had been unaccounted for. It is suggested that three of the four care homes that Mr Woodhouse raised money to open were yet to be built. This raised a lot of questions surrounding Mr Woodhouse’s business affairs and caused many of his investors to seek legal advice and take action against him.

As a result of these allegations against Gavin Woodhouse, many people have questioned the future of the Afan Valley Resort Project. It is highly likely that the vast majority of investors will no longer continue to work with Mr Woodhouse, therefore it is difficult to think of how the project will be funded. What is more, should the Resort Project fail, we may see a large number of people missing out on potential employment which could further harm the economy. In essence, there is large uncertainty surrounding the project and people are demanding to know what will happen next.

In conclusion, I hope to have given you a brief outline of the problems surrounding the Afan Valley Resort Project. The project had the potential to boost the local economy, but it does not seem like the expected economic growth will take place.

Is Brexit having a major effect on the UK housing market?

Brexit has had a major effect on the UK in general, let alone on the housing market. Brexit has caused lots of uncertainty which has, consequently, led to politicians and business owners questioning the decision whilst trying to come up with solutions for what may be on the horizon. This uncertainty has also hit large amounts of the population, which has led to a number of protests and marches against the Brexit movement. In essence, Brexit has caused a lot of confusion and led people to question what the future will hold. In relation to the UK housing market, we also have seen lots of uncertainty and questions raised. It would, therefore, be fair to argue that Brexit is having a major effect on the UK housing market. This can be seen particularly in London; however, the effects of Brexit are noticeable in other areas of the UK also. Whether these effects will be continually negative, or continue to last, is a question which is not easy to answer. Let us, however, explore the effects that Brexit is having on the UK housing market.

First and foremost, it could be argued that Brexit is causing the UK housing market to decline. This can be seen in London in particular, since property sales are continuing to slow down, thus suggesting that major uncertainty is prevalent among potential buyers. What is more, house price growth has been falling; as of January, house price growth across the UK was at its lowest for six years. Therefore, one could argue that the large number of questions surrounding Brexit have increased the amount of uncertainty. This has led to less consumer confidence, hence meaning that fewer people are likely to invest in property, which has caused sales in the UK housing market to stagnate.

As a result of the Brexit movement, real estate in Germany and France seems to have become more attractive, thus showing how the UK housing market is declining. According to BrickVest, there was a 20% increase in investment incentive in France and a 7% increase in Germany. We can, hence, see how the uncertainty caused by Brexit has led to other locations becoming more attractive, therefore putting more strain on the UK housing market.

In conclusion, I think it would be fair to argue that the UK housing market has been put under serious pressure as a result of Brexit. The question now arises: how does one remove the UK housing market from such a position? It will be difficult to do so which places the UK housing market in a vulnerable position.