{"id":2813,"date":"2017-05-25T12:30:13","date_gmt":"2017-05-25T11:30:13","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=2813"},"modified":"2017-05-25T12:30:13","modified_gmt":"2017-05-25T11:30:13","slug":"uk-housing-market-remains-steady-ahead-election","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/uk-housing-market-remains-steady-ahead-election\/","title":{"rendered":"UK housing market remains steady ahead of election"},"content":{"rendered":"

Data from the Mortgage Advice Bureau revealed that Britain\u2019s housing market remained steady throughout April despite the upcoming snap election in June and Brexit uncertainty.<\/strong> <\/p>\n

During April, the average selling price across the country<\/a> saw an increase of 2% whilst the typical purchase loan size went up by the same amount.<\/p>\n

https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/05\/10\/confidence-uk-housing-market-stable\/<\/p>\n

Remortgaging saw a minimal increase<\/a> throughout the month of 0.6% and the average purchase price for first-time buyers remained almost unchanged on the month before. <\/p>\n

Brian Murphy, head of Lending for Mortgage advice Bureau, said: “Given that the timescales for the 2017 General Election<\/a> are so short, the impact of this in most areas of the UK in terms of affecting the decision or not to purchase are negligible; for those who are already in the buying or selling cycle, it\u2019s unlikely to affect their decision, and discretionary buyers \u2013 who are normally the most affected by economic or political events \u2013 make up a smaller than usual element of the current market, therefore while there will be some who decide to hold off until after 8 June to proceed, the majority of consumers are carrying on as normal.\u201d<\/p>\n

UK house prices in the lead-up to the General Election<\/a><\/p><\/blockquote>\n