remains abuzz with the news that Prime Minister Theresa May has called for a
snap general election. But what does this mean for the housing market?
Traditionally, the uncertainty surrounding an election causes an economic
slowdown that the housing market feels keenly. However, Iain McKenzie, CEO of
the Guild of Property Professionals, believes that calling an election in the
current political climate combines genius with recklessness, and has every
chance of positively impacting the housing market.
of anticipated political uncertainty that surrounds this election is reason for
us to look at the housing market from a more positive viewpoint. Before this
election, the housing market is a seller’s dream. There’s less on the market
due to political uncertainty, but fewer homes means less competition for
sellers and the opportunity to stand out more. Now is the time to put your home
on the market. Conversely, after the election, the market will be buoyed by an
influx of new homes, creating a buyer’s paradise for those who have been clever
enough to sell before the election.
considering buying or selling a home, now is the time to take action by
visiting our website for a free valuation.
every confidence that the housing market will see immediate and long-term
benefits following the results of the general election.”