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Chancellor Rishi Sunak has announced that a general election will be held on Thursday 4 July 2024. Parliament will be dissolved next Thursday, May 30th.
This timing may provide some relief for the residential real estate industry.
Holding a general election tends to stall the housing market as people stop and think about what will happen as a result. It is rarely clear that they expect anything to happen that will immediately affect their moving plans.
All major political parties have submitted manifestos that focus on issues such as taxation, the economy, health care, and social welfare. Some people put one or two headings on their homes. The outcome of a general election, particularly one in which the Conservative Party is expected to lose but is by no means certain, affects all of our lives.
Uncertainty and fear of change can lead to delayed decision-making on the part of home buyers and sellers, so a relatively short campaign period means they may have to hold out for months until the uncertainty passes. means there is no
All ongoing bills will be scrapped once parliament is dissolved, but some bills could be passed with opposition parties’ consent a few days before that happens. As a result, the renter reform bill may or may not be scrapped.
What is your voting intention?
The BBC today published data recorded by pollsters showing people’s intention to vote for the major political parties. As of May 20, the average was 44% for Labor, 23% for the Conservatives, 11% for the Reform Party, 10% for the Liberal Democrats and 7% for the Greens.
We’ll have to wait and see if there will be any real change in the country’s leadership after July 4th.
By the way, where are your voting intentions currently?