Our CEO, Richard Bourne shares his thoughts on the upcoming General Election.
"Whilst Historical evidence suggests that the property market tends not to be affected by a General Election, a decisive election result will be welcomed by the industry following years of uncertainty.
A majority or hung parliament will dictate the level of certainty, and in turn a government with the ability to implement progressive changes.
There is a huge opportunity for the UK property industry if the general election result is met with positive policies, much needed funding, and support for the sector.
The juggernaut of planning needs huge reform and efficiencies, but I fear that the wide-ranging problems and delays within this are here for at least the first term of the new government. Enhancing efficiencies in planning departments and boosting support for brownfield sites would be of benefit to the industry, economy, and housing crisis.
The announcement of the General Election has given us clarity in the short term. In the long term the Property Industry needs to see backing and strategic spending to deliver positive GDP growth.
I await the 4th of July with bated breath..."