Election Result Effect On Property Market

Looking at housing market data for the last 13 election cycles a study found that during an election year the median change in home sales is 15 from october to november.

Election result effect on property market. How the general election result will affect the uk property market boris johnson s win could lead to a boost in confidence in the housing market at least in the short term by zlata rodionova. However research shows that in an election year the drop is greater. Parties will soon be releasing their manifestos to rally support from the public.

The fact a result has been announced creates a level of certainty and hence stability. Postpone purchasing property. Now two key things are likely to happen.

Certainty and stability are two factors that affect consumer confidence and as a result the property market he said. What will their policies towards the property market be and how will the general election affect property prices. However it also revealed that in presidential election years the typical drop increases to 15.

The report explains why. This is the normal seasonality of the market with a slowdown in activity that s usually seen in fall and winter. An indicator of this is that both the us stock market and the asx have responded positively to the election outcome.

What election results really mean for property market for months the property market was paralysed by the uncertainty of an upcoming federal election. They noted that in non presidential years there is a 9 8 decrease in november compared to october. When the election result evades easy forecasts people get a little tentative reed says.

According to a 2019 dimensional funds report the market has been positive in 19 of the last 23 election years spanning 1928 2016. Following the hot summer season this is typical in q3. Now an outcome in the us election has been formally declared this creates greater stability globally and has a flow on effect to australia.