WHAT DOES thre general election mean for the student landlord market in leicester?
On Friday the 9th, as the UK woke up to their alarm clocks, property investors will have woken up with as much alarm to the news of a hung parliament. Theresa May’s snap election to secure more seats backfired dramatically with Labour gains and Ukip voters returning in significant number to the red. With the Brexit fallout still very much in the mix, an immediate drop in Sterling and a minority Tory government forming, it could spell uncertain times for the property market.
Indeed, this could spell an opportunity to some foreign investors willing to take a gamble on the Sterling slump currently trading at 1.27 US Dollars in the midst of a weak minority government as it did shortly following Trump’s election and the EU referendum. However, it is worth pointing out that in both cases, the Sterling recovered and this current dip returns us to pre-Election levels, having seen an increase throughout the General Election; clearly, the markets envisioned a ‘strong and stable’ Conservative mandate.
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