LISTEN: The property industry will see a slowdown in the run up to the election, but this impact should only last a few weeks.
This is what property delegates heard at the first Movers and Shakers breakfast of the year at The Dorchester hotel on 23 January.
“I think we will see a slowdown in early April as there is more uncertainty for the consumer,” said Mark Clare, chief executive of Barratt developments. “Then, when we come out with the result, the party will realise that there are some substantial targets to be hit and the market will pick up again.”
Overall, the consensus for the year ahead is positive.
“It’s going to be a positive year, and there is no doubt that 2014 was better than anticipated ,” said David Atkins, chief executive of Hammerson. “I think that the momentum we have seen in the economy will continue over the next 12 months. I think we will look back on this era and think of it as a golden era for real estate.”
Listen to the interview here or download “Impact of general election on property will be short-lived’ from Estates Gazette’s iTunes channel.
