Boom in House Prices Following Election only in London
By |Published On: 22nd May 2015|

Home » Uncategorised » Boom in House Prices Following Election only in London

Boom in House Prices Following Election only in London

By |Published On: 22nd May 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

Property price predictions remain positive across the UK, but indications of a post-election boom are mainly restricted to London, revealed research from Knight Frank.

Boom in House Prices Following Election only in London

Boom in House Prices Following Election only in London

In the firm’s first House Price Sentiment Index since the general election, households in all regions saw house prices increasing in May. However, Londoners witnessed the highest rate of price growth in the month. Expectations for price rises in the future soared to a six-month high in the capital.

However, residents of the East of England predict the strongest price growth in the next year. The report also found that 6.4% of UK households plan to buy a home in the next 12 months.

Head of UK Residential Research at Knight Frank, Grainne Gilmore, explains: “There is little evidence yet of an election bounce in house price expectations, reflecting current market conditions. Activity is certainly picking up following the election of a majority government and the certainty this has provided in the housing market.

“Demand is rising, but an increasing number of vendors are putting their homes on the market and this is set to create more balance in terms of pricing.

“Londoners’ expectations for future price rises reached their highest level since November last year, perhaps reflecting the increased certainty in the outlook for property taxes in the capital.”1

1 http://www.propertyreporter.co.uk/property/post-election-bounce-in-price-expectations-confined-to-london.html

About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

Share this article:

Related Posts

Categories:

Looking for suitable
insurance for your
investment?
Check out our four
covers for landlords