6
Jan
'More properties will enter the market after the election'
There will be more properties for sale following the forthcoming
general election, an industry expert has stated.
Senior partner at Prickett & Ellis Nigel Ellis commented that
the election, which will be held on or before June 3rd 2010, will
bring about a change in the economy and the housing market.
He predicted that interest rates will rise following the contest
between Britain's political parties, regardless of the
victor.
"I would say we will have more properties to sell after the
election, but I think it will be a harder market," Mr Ellis
said.
He added that while rates stay low, prices will continue to rise
before levelling off when the base rate of interest begins to
increase.
On January 4th, Primelocation.com suggested that 2010 will see a
greater number of prime properties entering the marketplace.
The website asserted that, in December 2009, more than 10,000
vendors claimed that they had yet to appoint an agent to market
their real estate.