Alastair Woodgate, Director of leading local chartered surveyors, Rumball Sedgwick, considers how the property market might respond to the General Election result.
The housing market thrives on confidence. In the last couple of days property experts have been saying that the surprise General Election result will introduce more short-term uncertainty to the property market.
Whilst the London market has witnessed a slowing down, could a weakened pound and perceived softer view on Brexit lead to more foreign investment in London, pushing prices back up?
Any period of political uncertainty tends to halt activity, so as we enter what is usually peak summer activity, are property transactions likely to stall?