We’ve had the weekend to digest just what the outlook on life is with a hung parliament, and while it looks very much like “business as usual” Prime Minister Theresa May, together with the Conservative party will need to rely on the support of the DUP to push their policies and promises through parliament.
Whilst the property industry is dependent upon a stable government to further strengthen its position, what can we expect to happen now that the likelihood of a conservative government is becoming more of a reality?
Alto estate agency software have scoured the market to discover what the next steps will be in another five years’ of a conservative government.
Home-buyers and investors rely heavily on security before making big decisions, such as purchasing property, and as such, Theresa May is tasked with ensuring uncertainty is quickly settled, including even greater uncertainty as the UK begins its negotiations in Brexit.
As we expect to welcome our 15th Housing Minister in 20 years, the housing industry is crying out for stability from its own, newly appointed minister to progress further. Although it is widely believed that the new Housing Minister will follow the blueprint set out by previous Housing Minister Gavin Barwell, who lost his place as an MP in the June 8th Election, in the 106-page document set-out in the government’s plans to ‘fix the broken housing market’, together with plans shared in the Spring Budget.
As we all wait with baited breath to discover how the UK’s property market could be affected by the results of the latest election, we’d love to hear your predictions. Tweet @AltoSoftware #electionpropertypredictions