Election outcome good news for London housing market

Written on 8 May 2015 by Alistair Boscawen in Property News


The Conservative Party’s surprise victory in the general election is welcome news for the UK capital’s property market.
The Conservative Party’s surprise victory in the general election is welcome news for the UK capital’s property market.

International investors are tipped to increase their interest in London property after the Conservative Party’s unexpected general election victory boosted confidence in the housing market and subdued fears about a mansion tax.

The Labour Party said it would introduce a tax on properties worth more than £2m if it were to form a government.

Estate agents say the removal of this threat could see the price of homes at the upper end of the London market increase by 20% in the next year. Less than 24 hours after the polls closed, they are already reporting an increase in enquiries from international investors who had put off purchasing houses until the election result was known.

The result is set to boost overseas confidence in the UK and push prices up over the next five years – a bullish outcome for the London property market.

For more information click on the link below:

Financial Times

Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen

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