UK house prices: What the General Election means for the property market - City A.M.

UK house prices: What the General Election means for the property market – City A.M.

Emma Haslett explains the implications that the election has for house prices as the process plays out. Haslett points out that experts believe there will be a sizeable dip in transactions as the election nears, which may cause some consumers in the market to be concerned. Haslett continues, noting that experts are not certain about the impacts this time, because of the abbreviated time between the election and ballot date. Even so, Haslett has noted that the market has generally picked up after the elections have concluded.

Key Takeaways:

Trends show the elections cause spending delays and there is strong evidence for it.
there are shorter terms now and the spending trends are changing.
the shorter terms are creating less of a gap between spending bounce backs and evening out spending trends.

“Post-election there will be a bounce back in the number of sales in the market. The highest levels are typically in the three months immediately following the election of a new government, where you’re looking at around 13 per cent higher than the average expected levels.”