General elections have a minimal impact on the property industry, with residential and office take-up being largely unaffected, according to a new report from CBRE.
In the office sector, an above-average level of space under offer and a high level of active requirements suggests 2015 will be another good year for leasing activity.
Similarly, there has been no discernible negative impact on the mortgage market or house prices in the three months either side of previous general elections. House prices in May 2010 were higher than in April and lower than in June as prices continued to grow.
Miles Gibson, head of UK Research at CBRE, said: “There is little, if any, evidence of UK general elections having any overall impact on property investors or occupiers, the pace of planning decisions, or house prices. This may be because party manifesto policies on property are typically very general and, where they are specific, they take time to be implemented.”
