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Business Development Executive - Property Investing. For Everyone. UK Buy to Let | UK Property for Expats | Income Through Property I Property for Pensions I Buy To Let | Property Investment | HMO's

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

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