Home  London Property News  Conservative majority boosts the UK property market

Conservative majority boosts the UK property market

Reading Time: 1 Min Read
AG_london

Estate agents report a return of confidence among home-based and international buyers

Estate agents expect a steady growth in the number of properties for sale after yesterday’s election result increased the level of economic confidence in the UK market among home-based and international buyers.  

Fears that a Labour victory could have triggered the introduction of a mansion tax on homes worth £2m or more had been blamed for a slowdown in the property market in the months before the election.

The unexpected Conservative victory is also good news for landlords. Labour had said it would introduce rent controls, leading to fears that the property industry would become more heavily regulated and overtaxed.

Experts are now predicting that prime housing prices in London will rise by 22.7% over the next five years, while prices across the UK could surge by 19.4%.

For more information click on the link below:

Forbes

Neil Jennings

Neil is the Operations Director at Assetgrove Lettings, London's Leading Rent Guarantee Company, providing Landlords with no voids, property maintenance, fee-free property management and stress-free service.

Related Post

Citizens Advice warns about deposit replacement schemes
Updates: 2 Mins Read
Citizens Advice warns about deposit replacement schemes

Citizens Advice is alerting tenants to the drawbacks of using deposit replacement products instead of a government-backed scheme.

How to work out your property’s rental yield
Updates: 4 Mins Read
How to work out your property’s rental yield

How landlords in London who let their investment properties to families can generate an annual yield of over 4.5%

Our review of 2019
Updates: 15 Mins Read
Our review of 2019

Find out more about what 2019 meant for landlords and tenants, read our review of the year, month by month.