Piccolo Property Services’ Post

🏠 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

How will the General Election affect UK house prices? Our latest blog dives into the #UKHousingMarketTrends as we approach the General Election 2024. 🏡📉 With the election date set for 4th July, the market is already showing signs of fluctuation. Whether you’re a property investor, homebuyer, or seller, understanding these trends is crucial. Discover how the political landscape may impact house prices, market stability, and economic repercussions. Read our blog to stay ahead of the trends and make informed decisions. 🔗https://ow.ly/wrs950SgHVB #UKHousing #Property #Election2024 #HousePrices #PropertyInvestment #EconomicImpact #PropertyMarket

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

🚨 Why Wait? 📍 We examined the impact of the past six elections on prices in the housing market!… • The average price growth in the three months leading up to an election was 2.2%, whilst the three months following showed similar growth at 2.1%. • Price growth in the three months following an election only outperformed the preceding period in two out of the last six elections (2015 and 2019). • Waiting until after the election to put your property on the market, in the hope of achieving a higher price, could be a risky strategy. 🌼 With spring underway and market activity bouncing back, now could be the best time to sell. If you're thinking of selling a property in Hampton and would be interested to know what your property is worth in todays market, give us a call on 01733 592020 ☎ Try our market research section on our website: https://lnkd.in/e7i3sT_p Don't forget to join us on our Facebook group for market insights, property advice and new properties before they show on the portals: https://lnkd.in/e3MBYCCc Source: #Dataloft by PriceHubble, UK HPI December 2023, for elections 2001, 2005, 2010, 2015, 2017, 2019

🚨 Why Wait? 📍 We examined the impact of the past six elections on prices in the housing market!… • The average price growth in the three months leading up to an election was 2.2%, whilst the three months following showed similar growth at 2.1%. • Price growth in the three months following an election only outperformed the preceding period in two out of the last six elections (2015 and 2019). • Waiting until after the election to put your property on the market, in the hope of achieving a higher price, could be a risky strategy. 🌼 With spring underway and market activity bouncing back, now could be the best time to sell. If you're thinking of selling a property in Hampton and would be interested to know what your property is worth in todays market, give us a call on 01733 592020 ☎ Try our market research section on our website: https://lnkd.in/eNh4qm4H Don't forget to join us on our Facebook group for market insights, property advice and new properties before they show on the portals: https://lnkd.in/epiyemY9 Source: #Dataloft by PriceHubble, UK HPI December 2023, for elections 2001, 2005, 2010, 2015, 2017, 2019

🚨 Why Wait? 📍 We examined the impact of the past six elections on prices in the housing market!… • The average price growth in the three months leading up to an election was 2.2%, whilst the three months following showed similar growth at 2.1%. • Price growth in the three months following an election only outperformed the preceding period in two out of the last six elections (2015 and 2019). • Waiting until after the election to put your property on the market, in the hope of achieving a higher price, could be a risky strategy. 🌼 With spring underway and market activity bouncing back, now could be the best time to sell. If you're thinking of selling a property in Hampton and would be interested to know what your property is worth in todays market, give us a call on 01733 592020 ☎ Try our market research section on our website: https://lnkd.in/e7i3sT_p Don't forget to join us on our Facebook group for market insights, property advice and new properties before they show on the portals: https://lnkd.in/e3MBYCCc Source: #Dataloft by PriceHubble, UK HPI December 2023, for elections 2001, 2005, 2010, 2015, 2017, 2019

🚨 Why Wait? 📍 We examined the impact of the past six elections on prices in the housing market!… • The average price growth in the three months leading up to an election was 2.2%, whilst the three months following showed similar growth at 2.1%. • Price growth in the three months following an election only outperformed the preceding period in two out of the last six elections (2015 and 2019). • Waiting until after the election to put your property on the market, in the hope of achieving a higher price, could be a risky strategy. 🌼 With spring underway and market activity bouncing back, now could be the best time to sell. If you're thinking of selling a property in Hampton and would be interested to know what your property is worth in todays market, give us a call on 01733 592020 ☎ Try our market research section on our website: https://lnkd.in/e7i3sT_p Don't forget to join us on our Facebook group for market insights, property advice and new properties before they show on the portals: https://lnkd.in/e3MBYCCc Source: #Dataloft by PriceHubble, UK HPI December 2023, for elections 2001, 2005, 2010, 2015, 2017, 2019

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

🚨 Why Wait? 📍 We examined the impact of the past six elections on prices in the housing market!… • The average price growth in the three months leading up to an election was 2.2%, whilst the three months following showed similar growth at 2.1%. • Price growth in the three months following an election only outperformed the preceding period in two out of the last six elections (2015 and 2019). • Waiting until after the election to put your property on the market, in the hope of achieving a higher price, could be a risky strategy. 🌼 With spring underway and market activity bouncing back, now could be the best time to sell. If you're thinking of selling a property in Hampton and would be interested to know what your property is worth in todays market, give us a call on 01733 592020 ☎ Try our market research section on our website: https://lnkd.in/eNh4qm4H Don't forget to join us on our Facebook group for market insights, property advice and new properties before they show on the portals: https://lnkd.in/epiyemY9 Source: #Dataloft by PriceHubble, UK HPI December 2023, for elections 2001, 2005, 2010, 2015, 2017, 2019

🚨 Why Wait? 📍 We examined the impact of the past six elections on prices in the housing market!… • The average price growth in the three months leading up to an election was 2.2%, whilst the three months following showed similar growth at 2.1%. • Price growth in the three months following an election only outperformed the preceding period in two out of the last six elections (2015 and 2019). • Waiting until after the election to put your property on the market, in the hope of achieving a higher price, could be a risky strategy. 🌼 With spring underway and market activity bouncing back, now could be the best time to sell. If you're thinking of selling a property in Hampton and would be interested to know what your property is worth in todays market, give us a call on 01733 592020 ☎ 👉 Try our market research section on our website: https://lnkd.in/e7i3sT_p 👉 Don't forget to join us on our Facebook group for market insights, property advice and new properties before they show on the portals: https://lnkd.in/e3MBYCCc Source: #Dataloft by PriceHubble, UK HPI December 2023, for elections 2001, 2005, 2010, 2015, 2017, 2019