Boris Johnson moved into 10 Downing Street this week having promised in his acceptance speech that his party would prioritise homeownership.
Yesterday the new housing secretary Robert Jenrick said: “Housing delivery is one of the big priorities of this administration. We are going to be straining every sinew to increase the number of homes that are being delivered and getting more young people and families onto the housing ladder. I certainly intend to do everything I can to elevate this agenda and move it forward at pace in the weeks and months ahead.”
But what does Johnson’s the Brexit pledge mean for the price of your home?
What is the outlook for house prices?
After three years of Brexit uncertainty, there may be a brief Boris bounce in house prices. “Boris’s positive outlook could boost market confidence at least in the short term,” says Jeremy Leaf, an estate agent and former chairman of the Royal Institution of Chartered Surveyors……..
What about rural areas?
Young couples and families who want to move out of city centres in search of better air and more space are fuelling a “furnace” of demand for homes under £500,000 in coastal hotspots and market towns. In Pembrokeshire, Carol Peett of West Wales Property Finders says she has had more inquiries in the past six months than in the previous three years.
James Greenwood of the buying agency Stacks Property Search reports the same trend for Wells in Somerset, Shipston-on-Stour in Warwickshire, Ledbury in Herefordshire, Abergavenny in Monmouthshire and Coleford in Gloucestershire. For their first family home, these buyers “are bypassing the move to more traditional commuter areas, which helps with affordability”…….
https://www.thetimes.co.uk/article/how-will-boris-johnson-being-prime-minister-affect-the-housing-market-p2fnrcvsh?fbclid=IwAR34H5Rkwh6nHRisy7g6TdUgVVqvW8CCVkyFG_mVlivmKUwAuZDWD0fcJUY – The Times Friday, 26th July 2019
If you are looking to move to West Wales, or buy a property in Pembrokeshire, Carmarthenshire, Ceredigon or Gower, give West Wales Property Finders a call on 01834 862816. We can find your dream home for you whilst saving you time, stress and often money too. http://www.westwalespropertyfinders.co.uk