UK's fragile property market could be more vulnerable to political effects of general election, acco

[Nicholas Wallwork]

General elections do not usually have much sway on the property market in the UK but this year's*election could have a greater impact, particularly on mainstream real estate, than past elections*because of where we are in the housing cycle, it is claimed.

Because the property market is already in a state of low turnover and is only partially*functioning due to the global financial crisis, it is perhaps more vulnerable to the slightest*political changes, according to Lucian Cook, residential research director at real estate adviser,*Savills.

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[johnwww]

The big unknown of 2010 is the general election, with a hung parliament now being tipped as a relatively likely possibility, which could herald a period of uncertainty in the real estate market.

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