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John The Pessimist

How Does The Election Result Reflect Your Local Market?

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I'm based in Witham in Essex, rabid Tory territory.

Here we have a typical example of fervent HPIsm with a £25K increase in asking within 12 days of listing.....

http://www.rightmove.co.uk/property-for-sale/property-48810683.html

How does your electoral result reflect your market? Is there a correlation between local house prices and local politics?

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I'm just hoping that now the election is finally over there will be a big increase in newly marketed properties, there has been no 'spring bounce' in my search area at all this year, the choice of available properties these last few months has been abysmal with nothing but overpriced dregs and hardly anything new coming up at all.

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I'm just hoping that now the election is finally over there will be a big increase in newly marketed properties, there has been no 'spring bounce' in my search area at all this year, the choice of available properties these last few months has been abysmal with nothing but overpriced dregs and hardly anything new coming up at all.

If you go talking to existing homeowners you will find that most of them can't afford to move with estate agent fees, stamp duty, sky high property prices in all areas. The rest of the stock coming in form divorce, death and job moves is hoovered up by the Tory BTL brigade.

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I'm a bit late on this thread but I'm also from Witham. Currently renting in Rayne. I agree that Witham is a Tory area on the whole but I don't think there is much of a connection between political views and prices - they're just mad everywhere in the South East. It looks like Witham/Braintree is a bit more 'affordable' than most other areas but Witham has the direct trainline to London so I'm sure prices will stay high. Coincidently, my parents recently sold on the Witham Lodge estate for about 8% under initial asking price (after ~2 months) but it was inflated anyway. Of course, my parents offered asking price as soon as they viewed the property that they viewed as "they had to snap it up before someone else did".

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