Optimism returns to housing market in post-election bounce, according to Rightmove

Optimism returns to housing market in post-election bounce, according to Rightmove

With the uncertainty around Brexit dissipating and a General Election providing a solid political platform to build consumer confidence on, the property market in the UK has sprung to life in the formative weeks of 2020. 

According to Rightmove, there has been a 2.3% increase in the price of property being listed for sale, which is the largest ever monthly rise recorded for this time of year. 

Commenting on this renewed level of optimism, Rightmove’s property expert Miles Shipside said: “These statistics seem to indicate that many buyers and sellers feel that the election result gives a window of stability.

“The housing market dislikes uncertainty, and the unsettled political outlook over the last three and a half years since the EU referendum caused some potential home-movers to hesitate. There now seems to be a release of this pent-up demand, which suggests we are in store for an active spring market.”

The signs are very positive indeed and back up the confident predictions of industry experts, banks and lenders – of which you can read more on here.

You can read the full blog from Rightmove and view their January Price Index using the button below.

 

Latest News

LBTT cut announced for Scottish home buyers

More positive news for the Scottish property market today as Finance Secretary, Kate Forbes, announced a temporary cut on LBTT.  The new threshold where tax …

Read More

Exciting Times Ahead As The Scottish Property Has An Electric Restart

Last week, Corum reopened our branches across Scotland and looked to kick on now that lockdown restrictions allowed us to do so in earnest.  Whilst …

Read More