Elec­tion fever cools prop­erty mar­ket

Yorkshire Post - Property - - PROPERTY -

The lat­est Agency Ex­press Prop­erty Ac­tiv­ity In­dex shows that the growth in house sales in York­shire stag­nated in April in the run-up to the Gen­eral Elec­tion. There was an av­er­age de­cline of 7.2 per cent in the num­ber of houses sold in April. How­ever, sales were 6.3 per cent higher than April 2009. The UK as a whole saw a 0.7 per cent de­crease in April.

In York, there was a 23.7 per cent drop in the num­ber of houses sold but Leeds bucked the trend with a 14.4 per cent rise. Stephen Wat­son, man­ag­ing di­rec­tor of Agency Ex­press, says: “It ap­pears that the Gen­eral Elec­tion has ef­fec­tively damp­ened the level of ac­tiv­ity.”

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