Speaking in response to today’s announcement that there could be a snap election on June 8, David Westgate, Chief Executive of Andrews Property Group, said:
“Theresa May’s announcement that she intends to seek the support of MPs to hold a snap election on June 8 undoubtedly came as a surprise, but we must not let it destabilise the property market.
“Elections can lead to uncertainty and that can affect confidence; however the mechanics of the market are such that it is driven by demand and that remains extremely high at the moment. As an industry, we need to seek ways to encourage more stock to enter the market and ensure that sellers do not delay a sale until after the election has been held. Simply there is strong demand and now is as good a time as any to market a property and achieve a strong price.
“We’re very much taking the ‘business as usual’ approach.”