Economic performance drives UK property markets, not elections
According to a new report by commercial property and real estate services advisor CBRE, the upcoming general election in the UK has so far had a minimal impact on the country’s property markets as the economy is the more significant driver.
Miles Gibson, head of UK research at CBRE, states that while ‘Conventional wisdom suggests that property markets slow as a general election approaches… There is little, if any, evidence of UK general elections having any overall impact on property investors or occupiers, the pace of planning decisions, or house prices. This may be because Party manifesto policies on property are typically very general and, where they are specific, they take time to be implemented’.
Read the full article on Property Wire