ARE PRE-ELECTION JITTERS HAVING A NOTICEABLE EFFECT ON THE HOUSING MARKET?
LUCIAN COOK | SAVILLS
“The election is no doubt in the public consciousness and will, if anything, put a limit to activity as people wait until after 6 May to buy. But activity in the housing market is so subdued anyway so it will be difficult to pick out any discernible impact. More interesting will be the post-election period – I expect a slow recovery.”
PETER ROLLINGS | MARSH & PARSONS
“I haven’t seen any impact so far as a result of the election. We are still busy in terms of activity and some areas of London have picked up massively. The election doesn’t appear to have slowed things down but for the London market, a hung parliament would be a horrifying prospect.”
LIAM BAILEY | KNIGHT FRANK
“I do think that people are feeling a bit nervous – we have had an incredible run in house prices but over the past four weeks things have definitely quietened down. We are seeing potential vendors now dragging their feet. A clear majority would give people confidence and would be quite cathartic for the market.”