What could a general election mean for the UK property market?
24th May 2024
What a 24 hours it has been for the UK property market!
Inflation hit a three-year low of 2.3%, the annual price change for a property in the UK was up 0.7%, a cut on the base rate was on the cards for June, and there was a renewed positivity in the air.
However, this positivity turned to uncertainty when Rishi Sunak called a snap election for 4th July.
The impending general election adds another layer of complexity to an already complex property market.
Political campaigns and elections historically create uncertainty and this influences market sentiment and investor confidence.
Our friends at Opening The Gates have put together an overview of what a general election could mean for the UK property market.
If you have any questions about the current property market then please get in touch.
~ Annabelle