How does a general election affect the housing market?

8 June 2017
Buying | Landlords | Phillips George News | Renting | Selling

House transactions tend to ease off in the build up to a general election, as buyers and sellers wait to see the outcome before making a decision.

Spring also tends to be a busy period for the UK housing market, with sales climbing from February through to June.
The table below shows the number of property transactions that took place in the UK between 2009 – 2016. Election years are highlighted in red (according the Land Registry data).



*March 2016 transactions were affected by the changes in stamp duty for buy-to-let investors/second home owners

The data shows that transaction levels slumped just before the 2010 election on 8 June and 2015 election on May 7.

While the run up to an election often has some effect on how many houses are sold, it is not usually particularly significant as can be seen by the transactions recovering to the expected level in June 2015.

What will happen to property prices?

As the table below shows, it is unlikely that property prices will be affected. As can be seen ahead of the election in 2015, average property prices in the UK increased steadily in line with 2014 and 2016 levels.






Let your property with Leicestershire’s own letting agency

You will benefit from great service with:

⭐ Professionally qualified, senior staff directly involved

⭐ Five star reviews across the board from Google and TrustPilot

⭐ Proven track record

⭐ Local business, local knowledge

⭐ High Visibility: Right Move, Zoopla, OnThe

⭐ Feedback after every viewing

⭐ Login to see the progress of your let instantly

Call us now on 0116 216 8178

Paul McCullough Phillips George Estate Agents
Paul McCullough, Partner
Paul has been in the UK property industry since 2008 and was previously involved in the sale of overseas property. Paul helped to set up a city centre sales and lettings agent and has been fully immersed in all aspects of the industry from day one. Paul has since taken his professional qualifications with ARLA (Association of Residential Letting Agents) and has an active approach to selling and letting properties. Paul is a problem solver and enjoys helping clients to achieve their goals, whether it is buying their dream home or finding the ideal tenant for their investment property.