ASHLEY MILLER LOOKS AT POST ELECTION STABILITY FOR THE PROPERTY MARKET
The dust has settled and following a huge amount of bad polls (none of which were correct) Ashley Miller takes an overview of the 2015 Election Results.
- Seemingly, a first Conservative majority for 18 years, was just what the property market required
- Stability and avoidance of a mansion tax or rent controls will not turn the tap on the wealth of cash ready to spend in London and the UK
- Only concerns are commitment to tighter spending and deficit reduction, could mean even less planning applications and urban regeneration schemes
- Marchmont prediction 2015/16 a continued frenzy in London and South East, with growing optimism in regional Cities
Ashley explains: “It was hard to talk to anyone from the business community that seemed to feel a Labour Government would do anything other than add red tape and new challenges, with surveyors, asset managers and people from the property sector seemed “concerned” to say the very least. The mansion tax had all the hallmarks of 70’s socialism and although the sector has stabilised since the introduction of dead rates and the commercial property downturn, the private sector really needs freedom to unlock it’s potential and allow the sector to invest and improve”