Political turmoil fails to dent property confidence in the UK

The last two months have seen the Government set out it’s stall under Theresa May’s leadership, with the Housing White Paper released in February and the Budget delivered in March

April didn’t want to pass without making its mark and a surprise announcement declaring a snap general election followed.In the midst of the political furore, the Halifax was compiling its latest Housing Market Confidence Tracker, although the final result was posted before April’s general election notice, with responses gathered between March 23rd and April 3rd 2017.The report concluded that confidence in the UK’s property market has grown over the last six months, despite consternation over BREXIT and how it may affect home moving sentiment.The sense of optimism is truly positive, with 58% of respondents thinking the average property price will rise in the next 12 months, compared to just 14% who expect prices to fall.In addition, 52% of the public think the next 12 months will be a good time to sell, up by 5% from October 2016.Despite the prospect of a general election, Lurot Brand – a Central London estate agent specialising in the sale and let of mews properties – continues to see a heightened number of property enquiries, valuation requests and completions – proving the prime London property market is nothing short of robust and resilient.

More of the public also think the next 12 months will be a good time to sell, compared with six months ago.

Website URL: http://www.propertyindustryeye.com/housing-market-confidence-stabilises-after-post-brexit-slump/