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Post-election honeymoon period

Writer's picture: Conrad BindingConrad Binding


  • As the Starmers settle into Downing Street, homeowners across the nation might now being reconsidering their plans for moving house.

  • The lead up to a General Election typically creates uncertainty and a slowdown in the housing market. This year was no exception – although the impact was more muted as successive interest rate rises had already stifled demand.

  • In June, we asked agents for their views on confidence in the housing market and, at the time, 55% reported similar or lower levels than 3 months earlier. However, sales volume expectations for the next three months, have reached their most upbeat level since January 2022.

  • The greater political clarity, alongside the imminently expected Bank of England interest rate cut, should give added impetus to housing market confidence. Source: Dataloft by PriceHubble, RICS. July 2024

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