Election not weighing on housing market, Nationwide says

9th June 2017

Despite the housing crisis being a key issue on the political agenda, the snap election is expected to have little impact on the property market, according to a new report. Nationwide's chief economist Robert Gardner, who compiled the research, says that while house prices have dropped for the third consecutive month to an average £207,699, this is most likely to be due to broader economic effects and the impact of years of double-digit house price rises. He added: "For most home buyers, elections are not foremost in their minds while buying or selling their home”. Mr Gardner was speaking before the June 8^th vote, which has resulted in a hung parliament, with the Conservatives garnering a support arrangement with the DUP.

Evening Standard (05/06/2017)