2017 General Election
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Latest property news
Theresa May does it her way – 8th June is Election Day
Election Day has been confirmed by Parliament and it will take place on 8th June 2017 – and by a massive majority of 522 to 13, a result that must have delighted the Prime Minister, Theresa May who needed 434 votes to go ahead. Mrs May urged the British people to ‘put their trust in me.’ Nine of the 13 MPS who voted ‘No’ were Labour: Ronnie Campbell (Blyth Valley), Ann Clwyd (Cynon Valley), Paul Farrelly (Newcastle-under-Lyme), Jim Fitzpatrick (Poplar and Limehouse), Clive Lewis (Norwich South), Fiona Mactaggart (Slough), Liz McInnes (Heywood and Middleton), Dennis Skinner (Bolsover) and Graham Stringer (Blackley and Broughton). the other four were Alasdair McDinnell, SDLP and Independents Lady Hermon, Michelle Thompson and Natalie McGarry. David Westgate, Chief Executive of Andrews Property Group, was surprised, but says it’s business as usual, “Theresa May’s announcement that she intends to seek the support of MPs to hold a snap election on June 8 undoubtedly came as a surprise, but we must not let it destabilise the property market. Elections can lead to uncertainty and that can affect confidence; however the mechanics of the market are such that it is driven by demand and that remains extremely high at the moment. We need to seek ways…
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Latest property news
Will the snap 2017 General Election slow the Spring property market?
Will the property market now face a six-week close-down as movers wait to find out what happens after the 2017 General Election called today by the Prime Minister, Theresa May? On previous form, it might. The market had to wait for the 2015 General Election called by the doomed David Cameron and the ensuing EU Referendum last year, both of which sucked precious weeks and months from those years’ crucial Spring – and normally busy – property buying peaks. This time around been a mixed reaction from the property and lending industries. The Yorkshire Building Society was first out of the blocks following the announcement this morning by Mrs May. Its economist Andrew McPhillips (left) said: ““The housing market is going through a sluggish period at present and a general election adds to the chances of it lasting longer. “Home buyers who are well on the way to making a purchase have traditionally not been put off by such surprise macro-events but those only thinking about it may decide to pause.” North London agent Jeremy Leaf (right) says: “The period of indecision starts from now until the election and thankfully it is relatively short. Inevitably, a lot of decision-making will be put…
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