Uncertainty unscrambled: General Election 2017
Conventional wisdom suggests that property markets slow down in light of an upcoming general election. General elections are uncertain, and the property market doesn’t like uncertainty. However, we have found that property markets are, in fact, pretty resilient when faced with an election, with very little change to overall behaviour.
The political landscape can clearly have a profound impact on the housing market through taxation and planning policy. Despite this, we have found there is no significant impact on the mainstream market in pre- and post-election periods.
For the majority of house buyers in the UK the political cycle and electioneering is irrelevant. They are buying a home, somewhere to live, and this motivation remains regardless of the colour of the political landscape.
Read more in our latest research report.