Countdown Election 2015

March 21, 2015

Just 47 days to go in the run up to The General Election 2015. This week we had the last budget before the  all important Polling Day 7th May, those that listened and watched the budget on TV were probably scratching their heads at the end of it, later in the day reactions were very much mixed, there was no clear thumbs up to the content however there was no real downside to it, the two Ed’s were quick to deliver their attack without much effect in my opinion.

So as we get closer to making our minds up are those involved in the property industry any clearer as to what side of the fence they sit? It has been mentioned by property experts that a Labour victory, or a red-led coalition, could be detrimental to the housing market, reducing the supply of homes and deterring overseas buyers from investing in London. Two thirds of UK landlords would leave the private rented sector if Labour won the general election in May and  a rent controls policy is introduced, limiting the number of affordable rental properties, according to a research from the Residential Landlords’ Association (RLA).

Many express concern over the  Labour proposed Mansion Tax,  there are approximately 97,000 properties in the capital worth over £2m and therefore if it were introduced it could totally disable the London property market.

UKIP have been having a rough time of it over the last few days,  two candidates suspended and one quit, such negative publicity at such a critical time is hardly what UKIP needed at this time. Their build up to the general election has taken some knocks in recent weeks but Nigel Farage is not one known as to being despondent and will focus on the positives, he will deliver surprises that is his character and the party is still a thorn in the side of the other partie. Lib-Dems  had their pre-election conference last week in Liverpool and still maintain they are a threat, and a total wipe out is not on the cards.

It is all to play for at this stage and there is still no clear cut winner, in fact at this stage  it is all about what coalition will be in goverment rather than what party.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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