UK house prices: The election countdown

 

Demand for homes in Britain has experienced a small drop during April, due to uncertainty surrounding the upcoming General Election. So what should you expect to happen before June 8?

According to the National Association of Estate Agents the housing market has experienced a “watch and wait” approach to some extend in recent times. As a reason for this, the NAEA named the uncertainty around the General Election due to be held on June 8.

https://www.buyassociation.co.uk/2017/04/13/strong-northern-housing-market/

In a statement, the property body revealed that the number of home owning-hopefuls registered per estate agent branch had dropped during April. Whilst April only saw 381 house hunters per branch, there were 397 looking in March and 425 in January and February each.

Similarly, supply also experienced a fall in April. The average number went down to 36 properties available to buy per branch from 39 in March.

The number of agreed sales per branch also dropped, from ten in March down to eight in April.

The NAEA suggests for both buyers and sellers to wait until after the election before making a buying decisions as the outcome could affect their investment. And whilst housing is playing a big role in the election campaigning, more often than not the pledges made during campaigns can’t be held up.

https://www.buyassociation.co.uk/2017/05/10/confidence-uk-housing-market-stable/

Mark Hayward, chief executive, NAEA Propertymark said: “Buyers and sellers alike are recognising this and adopting a ‘wait and see’ strategy to decipher how or if the value of their existing or future homes will be affected.”

“A business as usual approach will ensure house-hunters are met with a healthy supply of properties to view, and sellers get a fair price and a good buyer.”

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

UK house prices: The election countdown

UK house prices: The election countdown

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.