We’d be lying if we said that pre-election anxieties hadn’t at least slowed down the UK property market a little bit. It’s no surprise then that such a minor change in the public’s buying habits has given the press another opportunity to blow things out of proportion. Leicester isn’t exactly London but it’s evident by our burgeoning business that the British public are still very interested in keeping the property market on its toes. We’ve seen plenty of new faces coming through our doors and can only hope that whatever the outcome of the election, this continues to grow.
Anyway, the NEWS –as irrelevant as it may seem, London based estate agent Foxtons has lamented the recent dip in London based business. For the rest of the UK this is actually a good thing and marks the first time since 2009 that the rest of the UK’s national growth price has exceeded that of the capital. This news follows a prediction made by the Centre for Economics and Business Research that London property prices would fall by at least 3.6% in 2015. This further contrasts a UK wide price hike of 1.5% and though that may seem minor, it’s refreshing to see a new balance reached after consistently bloated London market growth.
*sigh*
It’s evident that some people may be holding off because of the potentially messy outcome of the election. There’s talk of coalitions, mansion tax, scrapping bedroom tax, rent control, assistance to buy and then just general anxiety over an unwanted government. Many will welcome Labour’s refreshing take on economics while blue voters think a ‘long term economic plan’ will help. Whatever the outcome, it’s been one of the oddest elections in recent memory with no clear winner in sight.
Whatever the outcome, you can count on Newby & Co to continue to provide friendly, personal service in the Leicester area.
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