With an upcoming election, we examined the impact of the past six elections on prices in the housing market.
The average price growth in the three months leading up to an election was 2.2%, whilst the three months following showed similar growth at 2.1%.
Price growth in the three months following an election only outperformed the preceding period in two out of the last six elections (2015 and 2019).
Waiting until after the election to put your property on the market, in the hope of achieving a higher price, could be a risky strategy. With spring underway and market activity bouncing back, now could be the best time to sell. Source: #Dataloft by PriceHubble, UK HPI December 2023, for elections 2001, 2005, 2010, 2015, 2017, 2019
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