General Election 2015 – The Result
I now hope that we can take the political rhetoric off the table and return to a more stable residential property market
This Conservative WIN is excellent news for the London property market. With the mansion tax threat now off the agenda Government should now focus on creating a more equitable Council Tax upper rate bands across the whole of the country.
London still has many concerns as reflected by its electorate however this election should mean that London can continue its success in being the No.1 capital in the world with a main commitment to creating more homes.
The volume of sales in the prime residential market in central London has dropped by a third over the last two quarters due to threats and uncertainty plus high transactional charges.
I now hope that we can take the political rhetoric off the table and return to a more stable residential property market.
Peter Wetherell, The Mayfair Guru