Heywoods bucks trend in pre election period
A Midlands estate agency is bucking the trend at a time when the housing market traditionally slows down in advance of a general election.
Heywoods Property, based in Newcastle-under-Lyme, is seeing a healthy number of sales and instructions at a time when homeowners are traditionally waiting to see who wins the next election.
The company points to the three month period ahead of last general election in May 2005 where property prices remained virtually static, but then picked up momentum again within a very short space of time afterwards.
It said that buyers could well get a better deal before the election, as a post-election honeymoon period would likely raise seller expectations and push up asking prices.
But after an inevitable market slump in the wake of the credit crunch, house prices have only recently stabilised and Heywoods believes this will serve to moderate any post-election bounce in prices.