“A Conservative majority is a huge relief for the Property Industry. Although the market usually takes a few weeks to settle post any General Election, we expect hotter than usual Summer transaction levels as vendors who have previously held off are likely to ‘push their buzzers’. The pent up buyer demand means that vendors of quality stock can feel reassured that an increased momentum is likely to be injected into the market over the next few months – as such, Humberts expects buyer registrations to increase by at least a further 20 per cent in the second half of 2015.
Although increased Stamp Duty remains an issue at the top end, the removal of the Mansion Tax threat is likely to inject some energy especially from foreign purchasers who should feel reassured that UK Prime Property still represents a safe haven for investment.
The Conservative majority is a sound result for the property industry as a whole, however we urge the party to stick to their promises and push hard to ensure home ownership remains a top priority over the coming 5 years.”
