London has a trend in which both buyers and sellers hold off on any transaction before an election. This trend was broken and they proceeded with business as usual. The asking price went up two percent as well. Now London is a city different from the rest of Britain because there is less hesitation on behalf of homeowners. They just go after the sell and bring their home to the market. There are no more worries.

Key Takeaways:

• Recent elections don’t impact the housing market this time in London area.
• Housing prices have increased 2.1 percent. This is an improvement over last year, and surpasses the national average.
• Sellers of property in London are also increasing as prices rise and the market improves.

“The average asking price in the city rose 2.1 per cent from April to £649,864, property website Rightmove said on Monday, even with the upcoming general election on 8 June. The capital’s annual rate of price growth remained subdued at 0.9 per cent following a 1.5 per cent drop last month. That was the biggest annual decline in almost eight years.”

Read more: https://www.independent.co.uk/news/business/news/london-house-prices-housing-market-general-election-2017-property-buyers-sellers-a7748526.html