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General election will influence the north London property market in 2015

Winkworth - north London estate agents with 19 branches across the N postcodes - comment that the property market will virtually be 'on hold' during the first half of 2015 until the general election is held in May. Looking ahead to the next 12 months, we believe that suburban areas of north London will experience little to no property price rises in the first half of 2015, with a recalibration in supply and demand, with caution among buyers before votes are cast leading to a stable market. In a complete reverse to what was witnessed in 2014, where London's house price growth was weighted in the first six months of the year, the second half of 2015 is predicted to be the period of modest price growth, once buyers gauge the effects of any introduced mansion tax (proposed by Labour and the Liberal Democrats), the implications of 2014's Mortgage Market Review and the strength of sterling. Other factors that will affect transaction levels in 2015 include the financial performance of the Eurozone, Bank of England interest rates, the wider global economy and continuing political unrest. Winkworth therefore predicts a modest house price rise for London suburbs of 2% by the end of 2015, with properties for sale in north London continuing to change hands at a steady rate. There could potentially be a rise in demand for flats and houses for sale in north London on the prime central London boundary - especially those just under the £2 million mark - should a proposed mansion tax come into effect after the outcome of the general election. Of course, the proposed mansion tax depends on which party gains power and the outcome of any political coalition. If you would like to know more about the north London property market and the prospects ahead in 2015, please contact your local branch of Winkworth today. We are happy to help with buying, selling, letting and investment advice.

Winkworth - north London estate agents with 19 branches across the N postcodes - comment that the property market will virtually be 'on hold' during the first half of 2015 until the general election is held in May.

Looking ahead to the next 12 months, we believe that suburban areas of north London will experience little to no property price rises in the first half of 2015, with a recalibration in supply and demand, with caution among buyers before votes are cast leading to a stable market.

In a complete reverse to what was witnessed in 2014, where London's house price growth was weighted in the first six months of the year, the second half of 2015 is predicted to be the period of modest price growth, once buyers gauge the effects of any introduced mansion tax (proposed by Labour and the Liberal Democrats), the implications of 2014's Mortgage Market Review and the strength of sterling. Other factors that will affect transaction levels in 2015 include the financial performance of the Eurozone, Bank of England interest rates, the wider global economy and continuing political unrest.

Winkworth therefore predicts a modest house price rise for London suburbs of 2% by the end of 2015, with properties for sale in north London continuing to change hands at a steady rate. There could potentially be a rise in demand for flats and houses for sale in north London on the prime central London boundary - especially those just under the £2 million mark - should a proposed mansion tax come into effect after the outcome of the general election. Of course, the proposed mansion tax depends on which party gains power and the outcome of any political coalition.

If you would like to know more about the north London property market and the prospects ahead in 2015, please contact your local branch of Winkworth today. We are happy to help with buying, selling, letting and investment advice.

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