Expect the housing market to cool off during the election period as people adopt a wait and see approach.
• Research by Valocity shows sales volumes were down an average 8% a month bet. March & September in the 2014 election.
• Valocity says this year’s election may have the same effect on the market w/ people putting purchase decisions on hold til it’s over.
• There is a degree of uncertainty in the market due to the range of economic policies on offer during an election year.
• However, the figures also showed that there’s a sharp uplift in sales once the election was over, & the upturn continued into the following year.
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