Well it's has been a difficult couple of years and until the general election is out of the way it is difficult to see how the housing market is shaping up.
As ever, before a general election (always held when we should be busiest) the market slows down, and this year is no exception. It is wholly understandable that people thinking about moving house hang on to see the outcome. They are all asking themselves, Will taxes be raised? What will happen to the stamp duty threshold? What will happen to HIPS? Questions all waiting to be answered before the public decided to splash out on a new house.
A recent investigation by one of the
The research going back to 1979 shows that a slump in transactions generally follows a good turnout, where as a low turnout stimulates the market. Your Move also found that when the Tories do well there is an increase in activity in the housing market.
I think that there is a little more to this and it’s a shame the research didn't take into account the economic situation at the time.
So for a good end to 2010 we need a low turnout and a Tory victory to get everyone moving again, let's wait and see.
