Planning on buying property? Well, right now might be a pretty good time!

Planning on buying property? Well, right now might be a pretty good time!

Whilst many adopted a “wait and see” approach to property buying in the lead up to the election, now might be the perfect time to reap the rewards that came with that mentality.

Demand for homes, house prices and enquiries from new buyers declined during the last month whilst new instruction from sellers were also rare to find, the latest residential market analysis by the Royal Institution of Chartered Surveyors (Rics) revealed.

Demand from Investors for UK Property is on the rise, RICS says

Whilst the report focused on London, the overall sentiment could be felt across the country.

Rics’ chief economist, Simon Rubinsohn, commented: “Although the latest survey suggests that uncertainty related to the General Election may have contributed to what appears to have been a disappointing level of transactions in the housing market over the spring, perhaps the most ominous signal emanating from the data released today is that contributors still expect house prices to increase at a faster pace than wages over the medium term despite the difficulty many first time buyers are clearly having in taking their first steps onto the property ladder.”

“The increasingly tight second hand market remains a cause for concern with the Rics series tracking new instructions to agents recording its fifteenth successive negative reading. It is hard to see this as anything other a major obstacle to the efficient functioning of the housing market.”

Brian Murphy, head of lending at Mortgage Advice Bureau, also commented the results. He explained that the “wait and see” approach many buyers and sellers show is a reasonable reaction to the many political changes that happened this year. From triggering Article 50 to announcing the snap General Election, he says a lot has happened leading people to prefer to wait rather than making a quick decision.

How Theresa May’s General Election will impact the Investor

Now that one of the uncertainties, the General Election, has been lifted off the table, Murphy thinks a pick-up in the housing market is more than likely. Which makes now the perfect time to invest, before everyone else.

“Certainly, this would also appear to be the view of many respondents to the RICS survey, with over a quarter expecting to see an increase in activity in the second half of 2017.”

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT