THE DECISIVE result of the General Election sparked a record-breaking surge in the price of property put up for sale in December and January, in the latest sign that the
There was a 2.3 per cent monthly surge in the average price of property coming to the market between 8 December and 11 January, the largest jump ever for that time of year since
Nearly 65,000 properties were put on the market during the period, meaning most were advertised for sale following the General Election on 12 December, according to the property platform's House Price Index. There has also been a jump in buyer demand since the ballot. Enquiries to estate agents between 13 December and 15 January were up 15 per cent compared to the previous year, with an extra 1.3m buyer enquiries following the election.
The number of sales agreed spiked 7.4 per cent during the same period as buyers made the most of the renewed political certainty.
He added that the
"We have absolutely seen a postelection bounce — quite substantially actually," said
(c) 2020 City A.M., source