The Results Are In: What This Means For Agencies

Zahraa Valu

By Zahraa Valu

08 May 2015

So the pollsters got it wrong, thank goodness.

We're happy to laugh at our predictions because the outcome of a stable government (predicted by almost no-one) is a massive boon to anybody working in the UK property market.

In case you haven’t heard, the UK public have voted in a majority Conservative government (while punishing Labour and the Lib Dems).

As an indication of the impact on estate and letting agencies, shares in listed agencies including Foxtons and Countrywide rose on news of the result.

What does this mean?

  • We get continuity of government albeit without a Liberal Democrat influence to soften the impact of ongoing austerity measures.
  • Even better, we get a strong government which can pretty much pass any vote it wants to meaning the potential for progress.  

Put simply, a strategy can be set, communicated and implemented.  Whether or not you agree with that strategy, if your business will be affected you will be able to at least plan for it. The result will provide people with a renewed sense of certainty and longevity, but that's not all...

  • Most importantly, this is the government that people with money feel most confident spending their money with.

Now we have a few weeks for the market to consider what David Cameron will lay out in the Queen’s Speech on Wednesday 27th May.

It’s likely there will be:

  • Cuts to tax and an increase in tax bands, to boost consumer spending
  • Cuts to spending on welfare, which may hit social renters and their landlords
  • An increase on the inheritance tax threshold to £1m
  • A pledge to build 200,000 starter homes 

Get your flyers to the ready and your teams prepped - with the expected feel-good effect it's time to...sell, sell, sell!

Important dates:

  • Monday 18 May Opening of Parliament. 
  • Wednesday 27 May Queen's Speech. 


This article is intended for information purposes only and does not constitute legal advice. If you have any questions related to issues in this article, we strongly advise contacting a legal professional.
These blog posts are the work of Fixflo and are licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License. In summary, you are welcome to re-publish any of these blog posts but are asked to attribute Fixflo with an appropriate link to Access to this blog is allowed only subject to the acceptance of these terms.

Zahraa Valu

By Zahraa Valu

08 May 2015

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