Daily Mail: Housing Market frenzy following election results
- By Adam Foster
- 09 May 2015
As soon as the exit poll at 10pm on Thursday night signalled a majority for the Conservatives, the London housing market immediately saw a frenzy with million pound properties put on the market – and sold – in a matter of hours.
With the threat of a Labour-imposed mansion tax fading away, wealthy buyers – no longer afraid of the levy on £2million properties and determined to avoid the post-election hike in house prices – quickly brokered deals for homes in some of the capital’s most exclusive postcodes.
Chelsea-based estate agent, Jake Russell, Director at Russell Simpson: ‘The whole of Chelsea woke up and breathed a huge sigh of relief the day after the Election.
‘We were manic yesterday, and we have been busy since first thing this morning despite it being the weekend.’
He added that his firm has buyers waiting for Mr Cameron to emerge victorious from Buckingham Palace after the stunning win yesterday.
‘While he toasts a new government, they will be toasting to a new home,’ he added.