It’s been a week dominated by the General Election – and whatever your political allegiance at least there’s an end to the political gridlock.
It looks like Brexit is going to happen and, though I’ve never been a fan of it, at least we can now plan for leaving the EU, rather than probably leaving.
If you believe the experts the next few months could see something of a rebound in housing market activity, which was described as ‘stagnant’ by RICS last week.
Some seem to think foreign investors should come back in force, while others are predicting a general spike in activity in January.
These all sound like positive signs for a housing market which has had to weather a storm in the past few years.
The new government now has the mandate to initiate fresh housing market policies.
Two weeks ago I accused of the Conservative manifesto of containing ideas with little detail, so it would be good to get some clarity.
Will we hear more about its long-term fixed rate mortgage proposition? Also, how do the Conservatives plan to get closer to the target of building 300,000 homes a year?
I’m sure many in the property industry will be relieved that Labour didn’t win, owing to the radical nature of some of its policies, as well as the divisive nature of Jeremy Corbyn.
However it’s now time for the Conservatives to flesh out their policies, to help the housing market thrive in 2020 and beyond.
Ryan Bembridge
Editor
PropertyWire
