In contrast, 14% of house hunters believe the market will improve following a Labour victory, with almost half (48%) saying it will remain unchanged and 38% feeling it will deteriorate.
A hung parliament is the most worrying scenario for house hunters. Less than one in ten (9%) feel the market will improve if no party wins an outright majority, with 43% believing it will deteriorate.
Despite the uncertainty around the outcome of the election, house hunters are not letting the impending election affect their decision to continue searching for a property. Eight in ten (83%) people searching for a property stated that they will continue their search despite the upcoming election and three quarters (74%) said that the election result would not stop them buying a property.
Nigel Lewis at FindaProperty.com, says:
“We’ve found that the election is unlikely to put people off their property search, but many home buyers have an opinion on what will happen to the market after the election.
“It seems the majority of house hunters believe the best thing for the property market would be a Conservative victory. Their policies on the deregulation of the market and ensuring only millionaires pay inheritance tax have really struck a chord with the voting public.
“Many polls are pointing towards a hung parliament though and that is worrying. House-hunters feel this would be the worst scenario for the property market as the parties battle it out to form a coalition, putting policies on hold while compromises are made.”
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