Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Labour = Houses prices go down, Torys = house prices go up?
dinkylink
Posts: 229 Forumite
Apologies for the rather simplistic and perhaps inflammatory headline...
Anyway, I have been reading various things in the news regarding the forthcoming election and how the result could potentially affect house prices.
The general consensus seems to be that if labour get in, even as a minority/coalition, then house prices will fall/the bubble will be deflated. This is because taxes and spending will go up, the economy will falter, help to buy measures will be reduced, renting will swing in tenants favour due to new legislation thus causing many landlords to sell up, and more new homes will be built increasing supply (granted, that last one probably won't make much of a difference).
If the Torys get in however (once again even as a minority/coalition), then house prices will rise/the bubble will keep growing. This is because taxes and spending will remain low, the economy will keep growing, help to buy measures will be maintained and further introduced (house ISA etc) and slightly fewer new houses will be built per year compared to what a labour government proposes thus restricting supply.
Is it really this simple? And if so is this why there is a certain amount of uncertainty in the property market at the moment? Are people waiting until the outcome of the election until they decide what to do about moving?
And by the same token, should we expect a dip in the market come May should labour get in and a boost should the Torys get in?
I'd be interested to hear anyone else's thoughts/predictions, even if it is really just crystal ball gazing...
Anyway, I have been reading various things in the news regarding the forthcoming election and how the result could potentially affect house prices.
The general consensus seems to be that if labour get in, even as a minority/coalition, then house prices will fall/the bubble will be deflated. This is because taxes and spending will go up, the economy will falter, help to buy measures will be reduced, renting will swing in tenants favour due to new legislation thus causing many landlords to sell up, and more new homes will be built increasing supply (granted, that last one probably won't make much of a difference).
If the Torys get in however (once again even as a minority/coalition), then house prices will rise/the bubble will keep growing. This is because taxes and spending will remain low, the economy will keep growing, help to buy measures will be maintained and further introduced (house ISA etc) and slightly fewer new houses will be built per year compared to what a labour government proposes thus restricting supply.
Is it really this simple? And if so is this why there is a certain amount of uncertainty in the property market at the moment? Are people waiting until the outcome of the election until they decide what to do about moving?
And by the same token, should we expect a dip in the market come May should labour get in and a boost should the Torys get in?
I'd be interested to hear anyone else's thoughts/predictions, even if it is really just crystal ball gazing...
Failed to load the poll.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 347.9K Banking & Borrowing
- 251.9K Reduce Debt & Boost Income
- 452.2K Spending & Discounts
- 240.3K Work, Benefits & Business
- 616.4K Mortgages, Homes & Bills
- 175.4K Life & Family
- 253.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards