Simon Barnes says the general election result has released a bottleneck for buyers and sellers. “Now this bottleneck will be released and for the next few months we are likely to see a growth in sales and increased prices before the market settles down to steady growth, hopefully for several years.
“Biting the hand that feeds you has never been a good idea. Over the last nine months, the threat of further taxing rich investors and property owners risked cutting off a huge supply chain in London. Regeneration projects, new building and associated infrastructure all require the confidence of businesses, investors and developers. The election outcome will provide that confidence, ensuring that London continues to thrive and grow.”