"The clouds over the London property market have now dispersed" - Nick Leeming on today's Election results
Nick Leeming, Chairman of national estate agents Jackson-Stops & Staff, with 44 offices nationwide, comments on todays Election results: With the Conservatives looking set to win majority, the clouds that have hung over the London property market have now dispersed. Having seen the number of property transactions slow down sharply over the last six months, as the prospect of mansion tax loomed on the horizon, with todays result, we expect to see greater activity in the London market from now on. High valued properties, whilst still affected by some of the more recent tax changes, should see more stable demand and the resurgence of international interest. Now that London is open for business again we expect the wider markets to respond accordingly.