News

The General Election is having the usual effect of slowing the property market, buyers waiting to see the outcome and direction their finances are likely to go in before committing.

This election is causing more confusion and nervousness than normal.

The concept of a Labour Government holding hands with the SNP a party hell bent in breaking up the UK, or the Conservatives forming a loose alliance with UKIP, is at the very least scary.
Ironically, the UK is the fastest growing economy in the Western World, low interest rates with no prospect of them increasing in the short to medium term. Zero inflation, likely to extend into negative territory for a couple of months then back to zero, high employment and salaries starting to rise!

So why are the British being so indecisive? Possibly because neither party has the freedom to do what they want or indeed be different in anything meaningful.
This leaves voters with the unenviable task of not knowing who to vote for. Normally in bad times there is an obvious choice and the markets shrug off the election knowing with a degree of certainty where the Country is going. This time around, not even the most experienced punters have a clue.
Yet there is a vast difference between the options and getting it wrong will cost us as a Country dearly for decades to come.

Indecision is here to stay until after the election, Greece yet again has reared its head with little chance of being dealt with effectively, adding to the mix.
On the bright side we are still seeing an upsurge in interest, but a slowdown in commitment. If that is an indicator the sales should take off again after the election.
Until then I guess most will sit on their hands. Not what you wanted to hear, but I have always been a realist.

Yours
Bill Reid BEM BA NAEA DipPFS
Reid Estates
01738237337