Vast Majority of Home-Movers State the Election Won’t Affect Their Plans

Since the general election announcement last week, many experts have weighed in on how they believe political uncertainty will impact the housing market this year.

But according to Rightmove’s latest Spring Survey, they found that 95% of home-movers responded that the upcoming general election will not change their moving plans in any way.

This shows that the vast majority of buyers and sellers aren’t currently affected by political anxiety when it comes to the UK housing market.

Further Reading: Learn more about topics such as buy-to-let investment properties and questions such as ‘can I live in a buy-to-let property?’ with our latest guides and insights.

Some short-term impacts are expected but overall, it seems there won’t be any game-changing effects in the property market stemming from the election period. However, it is expected that the housing market will be a big focus point for all major parties during their election campaigns.

So what is a real estate investor likely to vote for? Boosting housing supply is a priority for both Labour and the Conservatives, so approaches to the property market are likely to be hotly debated in the coming weeks, and government policies could have a big effect on real estate investment strategy in the future.

A jointly-organised poll from NRLA and Goodlord has shown that many votes from those in the property industry are up for grabs. They found that 39% of letting agents have decided who to vote for, and 19% are open to changing their minds, while 26% are completely undecided. When it came to landlords, 45% stated they have decided who to vote for, 27% are open to switching, and 19% are still undecided.

Learn more about the UK property market with our dedicated buy-to-let area guides looking at topics such as available investment property in Mansfield and available investment property in Watford.