‘Boris bounce’ in property market didn’t deliver, experts say

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Prices didn't see promised boom after Johnson's 2019 win, says study into how general elections affect your house sale

Prices didn't see promised boom after Johnson's 2019 win, says study into how general elections affect your house saleIn the three months before it, prices increased across the UK by 4.2 per cent.

Only in the 2005, 2010 and 2017 elections did the price growth surpass the preceding period. In the remaining four, prices continued to grow in the three months post-election, but at a lower rate. Once the election result is known, the increased certainty over the political landscape and policies will normally allow the markets to pick up momentum again.

Winkworth chief executive Dominic Agace highlighted:: “The biggest house price growth came when Blair was in power. We saw a rise of £48 a day on the average property price, which is contrary to popular belief that the Thatcher era saw the biggest growth due to Right to Buy.”, he said the effect of a general election was to distract people in the three months leading up to polling day.

 

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