What the Election Results Mean for the South Hams Property Market

What the Election Results Mean for the South Hams Property Market

In this 60-second read, we take a very quick look at what happened last night and what it means to the property market in the South Hams.

Here is a Non-party political broadcast by Harriet George. Boris Johnson and the Conservative Party have won a large majority following yesterday’s election.

It’s very early days (less than 12 hours in fact) into the life of our newly elected Government. But one thing seems crystal clear and that is we will be leaving the European Union. In Totnes, Anthony Magnall secured his seat by 12,724 votes. So, what does this new political clarity mean for the property market in the South Hams? Well, we’ve seen over the three years which followed the referendum that uncertainty was damaging confidence in the market. Sellers were concerned about selling, buyers about buying. Often the reason for this was people wanted to know exactly what was happening with Brexit. Were we staying or were we going? People needed certainty.

It would seem we now have the answer. This means we are expecting there to be a lot more activity in the South Hams property market next year. There is still a lot of dust to settle as things get sorted. And while we wouldn’t dare predict what will happen politically, our commitment to helping people buy and sell is guaranteed. So, with the election done, maybe it’s a good time to focus on Christmas parties rather than political ones.

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