Tory Success Boosts Property Market

The recent general election result brings good news for all property investors. Experts predict a ‘mini buying boom’ following the Conservatives majority win, as fears concerning the proposed mansion tax are scraped along with pension reforms and non-domiciled tax. Apprehension over Labour’s proposals regarding rent control and longer tenancies were also erased.

Last month, prime residential rates peaked at their highest level in three years, growing at 3.3% year on year since 2012. These figures clearly indicate the current market is in an excellent position to invest in; a supported opinion of specialists whom are predicting another five years of growth ahead, reinforced by the general election victory which has stabilised the market, eliminating any uncertainties for investors.

The unchanged government allows investors to buy with confidence, ensuring safety and security with their investments. The Conservatives are also in full support of tackling the UK’s housing shortage as supported by a four-year one billion pound Brownfield regeneration fund.

Consultants propose that regional buy-to-let markets will see the greatest value increase, including cities outside of London; there is a growing interest in Northern cities, particularly in Manchester. Industry insiders express there is an exciting time to be had over the summer months, with a predicted increase in buy-to-let investors.

All personal views aside, the Conservative win is welcomed by developers and investors, surging demand in the property market – it would be hard to imagine any investor looking back in 5/10 years time, regretting their decision to invest now.