Dataloft (now PriceHubble)’s Post

What Does the Upcoming Election Mean: Housing Market Trends Leading Up to the 2024 Election It's Crystal Ball time as the forthcoming UK Election dawns. The web is full of mixed messages, which can be confusing for anyone, especially first-time buyers who want to enter the property market. The good news is that the current data shows that 95% of people planning to move home are not swayed by the upcoming election. Instead of predicting the future, let's examine the historical activity of past elections and how market sentiment was/changed during these times. Based on previous patterns, the experts anticipate a steady housing market activity leading up to the election. Despite the challenges over the past four years, such as the pandemic, housing shortages, and fluctuating prices, most homeowners are determined to proceed with their plans in 2024. Historical Trends Around Elections; Looking at past elections in 2015 and 2019, we observed a stable market before and during the election period, with a post-election bounce in activity for buyer demand. Buyer demand around the 2015 election; Month Demand (month-on-month change) March 2015 +5% April 2015 +6% May 2015 (election month) +9% June 2015 +18% Buyer demand around the 2019 election; Month Demand (month-on-month change) October 2019 +1% November 2019 +4% December 2019 (election month) +13% January 2020 +14% This historical outcome suggests a strong post-election summer market, especially if interest rates fall! However, 'significant' housing policies introduced during the election could also influence market activity; we will be monitoring these changes, if any, closely. We're here to help. If you have any questions or need assistance in the UK property market as an expatriate or foreign Buyer, please get in touch. *Data from Rightmove's spring survey, with 14,322 responses collected between 18th – 23rd May 2024.* #UKelection #APWproperty #UKpropertymarket #Buytolet #Propertyinvestments #Voting

General Election unlikely to stall property market recovery: https://lnkd.in/evBBrWiw 📍 Find Us @WestcleanUK: https://lnkd.in/erfNMvHu #cleaningservices #facilitiesmanagement #propertymanager #commercialcleaning #property #housingmarket #professionalcleaning

Many questions remain on the outcome of the general election. Regardless of what emerges though, we’ll be ready. No matter how prices, demand, or sentiment moves in the #property market – we’ll be there with tailored, bespoke financial solutions. https://hubs.li/Q02Bwdds0

📊 As the general election approaches, what are the impacts on house prices? Discover the potential implications for buyers, sellers, and investors here: https://bit.ly/4e2khz4 #ukeconomy #ukproperty #housingmarket #generalelection

All eyes are on tomorrow’s election. Interestingly, since it was announced, none of our clients have changed their property intentions by putting plans on hold, or decided against a purchase where they were already under offer. An election this year was already factored in, and with the likely outcome more certain than usual, buyer activity with our clients has been unaffected and their search briefs and reasons for buying remain varied. Since the election announcement we have been instructed on new searches ranging from £2.75m - £30m from both needs driven and discretionary buyers. Whilst the different parties have outlined their manifestos, real market reaction and decision making is likely to come once new policies are actually confirmed.   Read more… #Eccord #LondonPropertyAdvisors

General Election unlikely to stall property market recovery: https://lnkd.in/epDTD59t 📍 Find Us @WestcleanUK: https://lnkd.in/eJd3WtH4 #cleaningservices #facilitiesmanagement #propertymanager #commercialcleaning #property #housingmarket #professionalcleaning

Since the 1980s, house prices have climbed by an average of 5.4% in the year that followed a general election, suggesting that this July’s election is unlikely to halt the positive property market momentum that has been building in recent months. https://lnkd.in/epDTD59t #housingmarket #houseprices #propertyinvestorsuk #generalelection 

#PropertyNews 𝐓𝐡𝐞 𝐁𝐨𝐫𝐢𝐬 𝐁𝐨𝐮𝐧𝐜𝐞? 𝐈𝐭 𝐧𝐞𝐯𝐞𝐫 𝐞𝐱𝐢𝐬𝐭𝐞𝐝, 𝐜𝐥𝐚𝐢𝐦𝐬 𝐞𝐬𝐭𝐚𝐭𝐞 𝐚𝐠𝐞𝐧𝐜𝐲. 𝑻𝒉𝒆 𝒈𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝒘𝒂𝒔 𝒄𝒖𝒓𝒔𝒆𝒅 𝒃𝒚 𝑪𝒐𝒗𝒊𝒅 𝒂𝒏𝒅 𝒍𝒐𝒄𝒌𝒅𝒐𝒘𝒏. 𝑰𝒕 𝒘𝒐𝒖𝒍𝒅 𝒃𝒆 𝒊𝒏𝒕𝒆𝒓𝒆𝒔𝒕𝒊𝒏𝒈 𝒕𝒐 𝒔𝒆𝒆 𝒘𝒉𝒂𝒕 𝒕𝒉𝒆𝒚 𝒄𝒐𝒖𝒍𝒅 𝒉𝒂𝒗𝒆 𝒂𝒄𝒉𝒊𝒆𝒗𝒆𝒅 𝒊𝒏 𝒎𝒐𝒓𝒆 𝒍𝒊𝒃𝒆𝒓𝒂𝒍 𝒕𝒊𝒎𝒆𝒔. ➡ The so-called ‘Boris bounce’ in the housing market after the last General Election failed to materialise, an estate agency chain claims. Using Land Registry figures, the research showed in the three months before the December 2019 election, prices increased across the UK by 4.2%. Three months after the election, the price increase was just 0.7% and in prime central London there was a huge fall of 9.4%. Prices rose by almost the same percentage in advance of Tony Blair’s win in 1997, as before Boris Johnson’s victory in 2019. Only in the 2005, 2010 and 2017 elections did the price growth surpass the preceding period. In the remaining four elections, prices continued to grow in the three months post-election, but at a lower rate. Pre-election uncertainty has a short-term impact, according to the research, slowing the number of sales in the three to four months before voting day. This pattern holds true for six out of the last seven elections. Once the election result is known, the increased certainty over the political landscape and policies will normally allow the markets to pick up momentum again. Dataloft’s report states: “Waiting to put a property on the market after an election, with the hope of achieving a much higher price, could be a risky strategy.” According to the research, it takes 10 days less to sell a home in spring than winter. Over the past five years, excluding 2020 due to Covid, 27 per cent of sales took place in spring, the highest of any of the seasons. Via LandlordToday.

Market activity holding steady ahead of General Election On 22nd May, Rishi Sunak announced that there would be a general election on Thursday 4th July, leading many to question what impact it could have on a property market that has been showing signs of positivity in 2024, following a period of subdued activity caused by higher interest rates. Political uncertainty can prove problematic for the property market, with house prices increasing by just 8.4% between the EU Referendum in June 2016 and the UK actually leaving the EU in January 2020, as the nation sat in a state of political limbo, not to mention the market fallout that followed the disastrous mini-budget of 2022: https://lnkd.in/eCtbbsgG #property #housing #trends #housingmarket #houseprices #generalelection

🏠 Will the Upcoming UK General Election Impact House Prices? 🏠 With the general election around the corner, here’s what we know: 🔹 Current Market Trends: The property market is showing resilience after a challenging year. Nationwide reports a modest house price bounce back in May, and HMRC data indicates a fourth consecutive monthly rise in house sales in April. 🔹 Election Impact: Historically, general elections haven't caused volatility in house prices. Nationwide's research shows prevailing economic trends often overshadow election-related impacts. Mortgage approvals also remain unaffected. 🔹 Post-Election Trends: Research from Compare My Move highlights that house prices tend to rise by an average of 4.6% in the 12 months following a general election. A majority win often sees a stronger rise compared to a hung parliament. It’s all encouraging reading at the moment, with election outcomes typically not disrupting the housing market's momentum. In fact, a post-election bounce could further strengthen the market. We'll keep our eyes on the market! #RealEstate #UKHousingMarket #GeneralElection #EstateAgents #PropertyMarket #Conveyancing