East Dulwich

165 Lordship Lane, East Dulwich, London, SE22 8HX

Forest Hill

5 London Road, Forest Hill, London, SE23 3TW

Maidstone

Flaxfield House, 91 The Street, Maidstone, Kent,
ME18 5LU

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Request a free valuation (Lettings)

Once you've requested a valuation we will visit your property and offering a free, no obligation valuation and advice, based on our extensive experience of selling homes in your local area.

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Register with Daisy Lets & Sales

Please enter your details and parameters of the type of property you are looking for below and one of our dedicated team will be in touch to discuss how we can help you find your dream home.

your personal details

your criteria

Register with Daisy Lets & Sales

Please enter your details and parameters of the type of property you are looking for below and one of our dedicated team will be in touch to discuss how we can help you find your dream home.

your personal details

your criteria

April 30, 2017 Industry News

Election to delay Spring market bounce?

  • General Elections, traditionally held in May or June, have historically had the effect of dampening the usual Spring rise in the housing market. Buyers do not like instability and an Election brings a further level of uncertainty. However, there is also evidence to suggest that transaction levels pick up in the immediate aftermath of the vote.
  • During three of the last five Election years, the Spring bounce in transaction levels has been tempered. In 2015 (the most recent Election year) sales in the run-up to the vote during March and April were 9.2% lower than might have been expected.
  • However, with the unexpected timing and short run up the Election on 8th June, it is not clear whether buyers, already part way through the conveyancing process, will put the brakes on transactions. 
  • The pick-up in transactions after Elections has traditionally begun almost straight away. Over the last five Election years, sales in the two months after the Election have increased, on average, by 18.1% compared to the previous two months. This compares to a rise of 13.4% during the same period in non-Election years. The pick-up in 2015 was even more pronounced. Sales in the two months after the Election rose by 21.2%.

We await to see what happens! If you are not put off by impending political happenings and wish to place your house on the market, give Daisy Lets & Sales a call 020 8299 9035 and take advantage of our 1%+vat fees.

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