There has been a “noticeable surge in serious home loan enquiries” since the election, according to DeVere Mortgages.
Similarly, Rightmove announced this morning that the unexpected outcome of a majority government should "release the brakes on buyer confidence and activity".
In the three months after the May 2010 election there was a 17% jump in the number of properties coming to market compared to the previous quarter. With a majority government in power, early indications from estate agents suggest that the next quarter could see another surge in property coming to market.
DeVere’s Head of UK Financial Planning, Kevin White, affirms:
“Since the election outcome was announced our mortgage consultants have reported a noticeable surge in serious home loan enquiries.
“Demand for mortgages has been strong all year, but the volume of enquiries has increased by more than 50 per cent over the last seven days, compared to the previous week.
“The majority of these enquiries were from overseas buyers and British expats who want to purchase a UK property but who had been, for various reasons, waiting to see the outcome of the election before pursuing.”