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Tory election win “will improve housing market”

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  • 12/04/2010
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House hunters have placed their bets on a Conservative win in the general election improving the property market and shown little faith in Labour, according to research by FindaProperty.com.

FindaProperty.com’s poll of 14,800 users in March showed that 39% believe that the Conservatives winning the coming election will improve the housing market, while just 14% of house hunters said a Labour victory would do the same.

A further 39% think a Conservative win will no affect the property market, while 22% say it would cause the market to deteriorate.

Almost half of those polled said the market would remain unchanged in the event of Labour winning the election, while 38% said it would worsen.

However, a hung parliament would be the worst scenario for the housing market according to house hunters. Only 9% of those surveyed said the market would improve if no party wins an outright majority, while 43% said it would deteriorate.

Nevertheless, 83% of people are determined to continue looking for a new home despite the general election and 74% said it would not stop them buying a property.

Nigel Lewis, property expert at FindaProperty.com, said: “It seems the majority of house hunters believe the best thing for the property market would be a Conservative victory. Their policies on the deregulation of the market and ensuring only millionaires pay inheritance tax have really struck a chord with the voting public.

“Many polls are pointing towards a hung parliament though and that is worrying. House hunters feel this would be the worst scenario for the property market as the parties battle it out to form a coalition, putting policies on hold while compromises are made.”

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