In an article in the Telegraph, Graham Norwood examines the likely impact of the outcome of the prospective general election upon the housing market.   As a consequence of both the global economic downturn and of the inter-related British recession, the average British house price fell significantly, during the last eighteen months for the first time in a generation.  

The fall facilitated a fire-sale of bargain opportunities for buyers, and, in recent months, as the British economy has shown signs of recovery, buyer led housing demand has caused small but significant increases in average house prices.  However, such increases would appear to be limited to the South East of the country. Graham Norwood suggests that such opportunities will become increasingly limited as sellers postpone going to market, in order to wait both for the average price to improve and for the outcome of the general election.

Despite ‘austerity Britain’ descriptions of ‘belt tightening’ by the winning part at the general election, Graham Norwood indicates that the removal of the current political uncertainty may lead to gains in the British housing market.

http://www.telegraph.co.uk/property/propertymarket/7479708/General-Election-2010-and-house-sales-How-to-avoid-a-hung-property-market.html