Few things can bring the housing market to a grinding halt like uncertainty. Through decades of booms, busts, regulation and new administrations, one thing is clear: if people are unsure about the future, the market suffers. This is why we saw a lull in property sales in the run-up to the election.
I do not profess to know the political allegiances of every broker and lender but we can all agree that stability and certainty are vital for the success of the market. A majority Conservative government gives us that much more than another coalition would.
There are, of course, many pledges in the Tory manifesto that will help to boost the housing market if followed through. For example, the plan to increase the supply of new starter homes will be welcome news for first-time buyers.
The one concern many of us will share, however, is regarding the impact of the EU referendum, due to occur by 2017. Hopefully the Government will hold the vote sooner rather than later. The last thing we need is more uncertainty. If it drags out this referendum for two years, the Conservative Party risks upsetting the stability its election brought about.
