Property Now
House Prices Always Do THIS Before An Election
Here's the surprise: elections impact how many properties sell, but they don't meaningfully impact what those properties sell for.
In this episode of the Property Academy podcast, Ed and Andrew break down:
● What Ed found after analysing 11 elections going back to 1993
● Why people buy 10% fewer properties before elections (and 10% more afterwards)
● What happened in 2008 and 2020
● Whether it matters who wins
● And why house prices go up by about 6% a year on average — election or not
When you average out all elections from 1993 to 2023, house prices are typically lower before the election and higher afterwards.
But that's not because the election causes them to drop. It's because house prices go up by about 6% a year on average.
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