Election fever cools property market
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.”