Data confirms a moderate impact on the housing market during elections. The Knight Frank reports that the housing market fell by 6.4% over the last year. This is in London alone. The effects of the election on the housing market varies by location. Scotland has had some ups and downs but overall remains more steady than England. Demand, however is growing and it looks up for the housing market. New buyers are looking, sellers are selling. It is a good time to be in real estate.
Key Takeaways:
- A survey of information from past decisions by land firm Knight Frank affirms a generally direct effect on action in the lodging market.
- In reality it is the primary purchasing seasons, which normally occur in Spring and Autumn
- Be that as it may, particular approaches can bend a market, particularly property charges.
“The UK housing market is likely to continue on its current trajectory in the run-up to the general election in June, with price growth expected to continue to ease in the coming months.”