Over the past week or so all major political parties held their last annual conference before the national elections of next year. The big battleground across the main political parties appears to be the National Health Service (NHS) whereby pledges for better funding are being made.
How to fund the NHS is the next big question. The Conservatives are pledging to reduce government expenditure mainly on social benefits, whilst the Labour party seems more inclined to introduce taxes on tobacco firms, close some fiscal loopholes and introduce the much spoken about mansion tax. Both parties on the other hand agree that many more new homes need to be built across the country to cater for the continued increase in the population. London alone is expected to see its population increase by 1 million people by 2020.
It is probably still early to determine how any policy measures will impact the property market. Matters will become clearer once the manifestos are published and the Chancellor delivers his annual Autumn statement on December 3rd. In the meantime it is certainly business as usual with demand showing no signs of weakening particularly in prime central London.
