In the run-up to the General Election, stability will be the order of the day
They say there are very few real surprises in life, but Theresa May’s snap election announcement on Tuesday came as a genuine shock to everyone. We weren’t due to have another General Election until May 2020, but the government have decided to go the polls in June 2017 instead, partly perhaps in a bid to ensure the whole nation gets behind Brexit.
In the run-up to most elections, the nation’s markets tend to see a little upheaval, but this is unlikely to be the case this time around. Unlike in previous instances, the time between the announcement and the event itself is short, just fifty days or so, and this is likely to mean the impact will be negligible.
The property market in the UK has been stable for a number of years now, and this looks set to continue right up until the election and beyond. House prices, especially in the south-east of England, have been rising steadily but not dramatically, and we see no reason to expect any changes in this area. For those who have a house or flat for sale at the moment, it will surely be a case of carry on and don’t worry.
Whether red or whether blue, markets changes will surely be few
It may be that people who are thinking about selling but are yet to go through with the process will decide to wait and see what happens. This is understandable, perhaps, but in truth few changes are likely to occur between now and June 8th, and indeed from now until the end of the year. If the winners of the General Election are planning any policy alterations, we will hear about them in the coming weeks.
Hear at James Neave, we always keep our finger on the pulse, and we will continue to monitor the market as the General Election gets ever closer. We have a great range of flats and houses for sale in Walton-on-Thames and the surrounding area, and of course we also have a broad selection of properties to rent.
If you’re thinking about selling or renting a property at the moment, we will be more than happy to discuss the current state of the market in the local area. In general, we would expect the industry to be only slightly affected by the implications of a General Election. As always, if you have any questions, our experts will be happy to answer them.