As we all anxiously await to find out who will be in power at the next General Election, it seems the UK property market is also holding its breath…
In London, people who are thinking of selling their homes are choosing to hold out until after the election, causing a significant 26% reduction in properties listed for sale in November.
Commenting on the political uncertainty and subsequent market impact, our Founder and Managing Partner, Camilla Dell shared her thoughts for a new article in The Standard:
“Near-term uncertainty will exacerbate the traditional lull in activity in the run-up to Christmas,” she predicted.
“This lull can present an ideal opportunity for buyers to strike. With only seven weeks to go before Christmas, vendors can become desperate to close a deal, and other buyers may be distracted with their festive preparations. Our view is that this can be the best moment to strike.”
Read more in the full article here.