Parkgate Estate Agents’ 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

What impact will the general election have on the housing market?: https://lnkd.in/eqdjEnRe 📍 Find Us @WestcleanUK: https://lnkd.in/erfNMvHu #cleaningservices #facilitiesmanagement #propertymanager #commercialcleaning #property #housingmarket #professionalcleaning

Afternoon! The upcoming UK General Election has piqued interest in its impact on the UK property market. Data from Rightmove reveals that 95% of buyers remain undeterred by the political landscape. Comparing buyer demand trends around the 2015 and 2019 elections provides intriguing insights. In 2015, demand gradually increased before the election, leading to a significant surge post-election. In contrast, 2019 showcased stability pre-election, with notable demand spikes during and after the election month, hinting at a robust summer market ahead! Now might be a good time to explore how to leverage the UK property market to protect and grow your wealth. Learn more about the potential impacts of the upcoming election on the housing market here: https://lnkd.in/e2GkV9-u #ukgeneralelection #buyerdemand #ukpropertyinvestment #ukpropertymarket #powerofleverage

📢 Just in: UK house prices continue to hold near record highs, showing minimal impact from the recent elections. The Guardian reports that despite political changes, the housing market remains resilient. 🏠💼 If you're in the property industry, it's insightful to stay updated and anticipate market shifts. #UKPropertyMarket #HousingTrends #ResilientMarket https://ift.tt/QRJE7uX

What impact will the general election have on the housing market?: https://lnkd.in/eBfmbUAi 📍 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 

The Post General Election Frome Property Market Despite the anticipations and speculations surrounding the UK General Election, its impact on the UK and Frome property market has been negligible. Market trends, buyer interest, and property values have remained steady, showing no significant fluctuations attributable to the political climate. This stability suggests that factors such as economic fundamentals, interest rates, and housing supply continue to play a more crucial role in shaping the property market's dynamics than the election results. Frome homeowners and buyers alike have maintained their focus on these core elements, demonstrating resilience and continuity in their property-related decisions. So, as the commentators predict a Labour 'Super Majority', could we see another ‘Boris Bounce‘ in the post-election months like we saw in early 2020? Read our full article here https://loom.ly/wkp5qtQ #frome #politicalclimate #propertymarket

The 2024 general election matchup is now set in stone. It is time to consider the impact of another Trump or Biden presidency on the 2025 housing market. The housing market has been on a tear since the beginning of the pandemic. We have seen the median sale price of homes rise about 29% since Q2 2020, despite the predictions of many experts along the way. This can be attributed to rising interest rates, inflation, and the cost of materials, yet how have Biden’s policies contributed to this? https://lnkd.in/eSaFN669

🏠 The Positive Impact of the Upcoming General Election on the UK Housing Market 🏠 As the UK gears up for the General Election announced for July 4th, the housing market is set to experience some familiar trends. 📈 Historical data from past elections gives us a clear view of what to expect—initially a slight dip in activity followed by a robust rebound. A Short Pause Before a Strong Recovery:- It's typical to see a temporary slowdown in housing transactions leading up to an election as potential sellers wait to see the outcome. This dip is often due to the uncertainty elections introduce, prompting a cautious approach. However, this slowdown is always short-lived. The good news is that we consistently see a strong surge in activity right after the election. This rebound not only compensates for the pre-election dip but often surpasses the usual market activity levels. Early Election: A Boon for Stability:- Holding the election sooner rather than later is a positive development for the housing market. An early election reduces the period of uncertainty that can slow down market decisions. This means the market resumes its normal activity much quicker, maintaining stability and confidence among buyers and sellers alike. Looking Forward 👀 ⏩ The upcoming election presents a momentary pause in an otherwise healthy and resilient housing market. For those planning to buy or sell homes, this could be a strategic time to prepare for the opportunities that arise post-election. The pattern is clear: any slowdown is quickly followed by an energetic market rebound, offering excellent opportunities for all involved. With the election date set, the market is poised for a quick return to its dynamic rhythm, ensuring that the housing market remains a strong component of the UK's economic landscape. What’s your thoughts ? Similar to mine? #exp #estateagent #team #property

https://lnkd.in/enQ8q6mW Distinct battle lines have already been drawn – over whether house prices should rise or fall; Green Belt should be built on or not; development should take place in city centres or new settlements. This article looks at the various nuances that will make for a very interesting run-up to the general election.