Election Result Effect On House Prices

Elections can affect a home s value.

Election result effect on house prices. In the month following theresa may s election in june 2017 house prices grew 1 3 on average the highest one month post election growth rate since the 3 6 achieved in the month following tony blair s second successful election in june 2001. Is there a drop off in home sales during a presidential election year. According to a study of the california real estate market home prices typically rise 1 5 less during an election year 5 than in the year prior to the election and 0 8 less than in the year.

They noted that in non presidential years there is a 9 8 decrease in november compared to october. One month growth post election is a similar story. Today it s important to look at the impact past presidential election years have had on the real estate market.

The royal institution of chartered surveyors revealed that demand from potential buyers instructions to sell and agreed. Btig a research and analysis company looked at new home sales from 1963 through 2019 in their report titled one house two house red house blue house. Elections have historically affected housing prices with a slightly lower percentage increase in value 4.

How the general election result will affect house prices. Estate agents are optimistic that despite a continued decline of activity on the housing market in november we should see a rebound following the general election.