Blog Post

The Election and the housing market

TomS - Head Tom Simper May 24, 2024, 15:00 PM

Some may fear an election could pause market activity, but this was typically when a significant policy change was mooted (e.g. Mansion tax). This isn't the case this time round.

Housing transactions move in seasonal patterns with peak activity usually July or August. The delay from sale agreed to completion (a couple of months) means the busiest time of the year is therefore April and May.

There doesn’t seem any real threat to deal activity in the pipeline. We would argue that the much larger influence on activity this year, and a beneficial one, will be the boost from the first interest rate cut. Source: #Dataloft by PriceHubble, HMRC, data is for England and Wales

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