election result gives boost to property market

The result of the general election is likely to give the property market a boost in 2020, according to Rightmove.

The leading property portal predicts that the price of property coming to market next year will rise by two per cent. The largest increase will be in the more northerly regions with increases expected to be in the range of two to four per cent. In contrast London and the south east are looking at more modest increases of one per cent.

Ben Furnell, Managing Director of Furnell Residential, said: "The political uncertainty which resulted from the EU referendum has certainly had a negative impact on the property market.

"However following the result of the general election there is now the chance to 'Get Brexit Done' and remove all the uncertainty which has paralysed the sector.

"Stock levels still remain low but the lack of choice could be good news for sellers as the market picks up in the new year and into the key spring selling period."

If you are considering putting your property on the market talk to Furnell Residential now on 01937 574 685.

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