In June, the housing market saw a boost in stock as sellers hoped to get ahead of any post-election market boom1.
Over a two-week period in June, 102,035 new sellers listed their property – a 22.9% increase when compared with the number of new homes that were put on sale at the start of this year. Sales activity increased in every UK region, with Scotland seeing the highest increase in stock – 5,060 new homes listed. Historically, there has been a boost in market activity in the month after a general election, so it is likely that many sellers were hoping to benefit from this again.
Do you want to understand what the new Labour government means for you and your housing plans? Contact us for advice.
Your home may be repossessed if you do not keep up repayments on your mortgage
1 Home Sale Pack, 2024
