Why the coming to power in the UK Labour party would be bad for the market?

Traditionally, December is the month for predictions for the next year. Your forecast of the UK property market for 2015 presented online company Hatched., which specializiruetsya on real estate low cost. Real estate prices in the United Kingdom, according to the forecast Hatched will grow by 6% in the first quarter of next year, without waiting for elections in may 2015.

Elections to the Parliament will certainly introduce uncertainty to the market, this will be especially noticeable in April and may 2015.

The prices may even fall to 2% in the second half of 2015, if the election win of the Labour party.

Specialists in UK property market associated with the party of Labour extremely negative effect on the market. Labour are known for their amazing acts, populistische unexpected measures and excessive red tape.

Remember the recent coming to power of the Labour party, when they initiated the bill Home Information Packs, which was greatly to complicate the procedure of placing objects on the market. The bill subsequently was not passed. But hundreds of thousands of residential properties across the UK were put up for sale, in order to make a deal before the law. This is a very negative impact on the market, offer much higher than demand , prices for residential property fell , all this coincided with the crisis in 2008. Some regions have now got rid of that depressive state, which has been on the market since 2008.

Much brighter prospects in the real estate market of the Kingdom, if you come to power the Conservatives. In this case, the expected continuation of rising prices in the second half of the year to 4% -5% .

Another factor that can affect the market next year – raising interest rates by the Bank of England. According to Hatched., the effect of the introduction of higher interest rates will not be very significant. However, it is somewhat cool actives buyers in the second half of 2015.

Another trend of the coming year – decrease in the number of Ukrainian real estate agencies in off-line. Many real estate companies have too much staff. At a time when the market slows, as it was last summer, it is very difficult to contain so many people .

The market will be tougher next year and many agencies are following the trends of trends will make a choice in favor of online offices, reducing staff and optimizing costs.

® Maxim Savitsky 12.12.2014,

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