Election bounce adds 34% more listings in one weekend

Haart has reported a major surge in new property instructions during the weekend of May 9 and 10 immediately following the general election.

New instructions were up 34% compared with the weekend before the election.

This followed a muted April, where haart offices reported a 17.1% drop in exchanges compared with April last year.

Chief executive Paul Smith said: “There was a drop in activity from sellers and prospective buyers in the run-up, as a wait and see attitude took hold of the market.

“We are already seeing the reversal of this with a flurry of activity from prospective sellers in the weekend immediately following the election. Many branches reported the phones ringing non-stop.

“Continuity of government, no mansion tax, and supportive policies like the Help2Buy Isa should keep the property market on its upward trajectory for the rest of 2015.”

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