In a shock result, the UK’s general election returned a hung parliament which pretty much sums up the country’s concern with how the Brexit negotiations have been progressing. It wasn’t the only issue of course, but securing a strong position for UK trade and investment once it has left the EU is a priority for most, and the results have been seen as a vote of no confidence in the current government’s tack of a ‘hard’ Brexit.
The mayoral race this year was dominated by the issue of housing. Four years ago, when voters were faced for the second time with a choice between Boris Johnson and Ken Livingston, jobs, crime and transport were all higher-ranked concerns; but in 2016, it is housing which unequivocally tops the agenda of the average Londoner.
With stamp duty changes around the corner, mortgage approvals hit a record two-year high in January, as UK banks approved the highest number of mortgages since 2014.
Global economy watchers are warning that the world financial market is slowing sharply and the resulting property price bubble is about to burst. But how likely is this and what will it mean for the UK property market?