For several reasons, the rapid rise in residential real estate is affecting the entire country. The 2015 national election results should cheer investors in housing.
That national 2015 election is over. Now homebuyers and sellers can vote with their sterling.
In the run up to the election, politicians from all sides spoke of the nation’s housing woes. Too little supply for too much demand was the problem, most agreed, with different ideas on how to fix it. David Miliband and the Labourites bandied about a “mansion tax,” along with rental increase caps, which arguably dampened sales in London and the rest of the country in the first few months of the year. House building also dipped in early 2015, as did prices, as uncertainty kept many buyers and builders at home.
But within hours of the sweeping election results announcements, real estate agents in London were popping champagne corks. “Over the next five years we think that capital values in the Prime London residential markets could double,” said the executive director of estate agent Douglas
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