Following the Conservative victory last month, house prices have seen an increase according to findings by Rightmove and reported by the telegraph.co.uk
Housing prices and supply in England and Wales are monitored by Rightmove on their monthly index which showed higher prices in six of the ten regions. They have noted that a typical property going on the market since the election has an average market value of over £290,000. This equates to a 3 per cent rise between May and June, the highest monthly increase since last year, and reverses the 0.1 per cent pre-election decline.
Miles Shipside from Rightmove said “The unexpected election outcome has caused a strong rebound, prompting an upturn in buyer demand and helping new seller asking prices to hit their highest ever levels,” he added “The election surprise has given a boost to market sentiment, driven by more certainty about future economic and taxation policies.”
This good news will undoubtedly be welcomed by all those looking to invest in the buy to let market, whether it’s a first property or to add to a portfolio of properties.
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