Will Trump be good for the housing market?

Everywhere you look in the national press or TV they are talking about the election of Donald Trump.

Despite varying opinions on the man himself, you have to agree that he has made a major impact.

There is a view that the UK property has a chance to prove its value as a safe property haven for the global economy.

Already since the election, property websites have seen a 20 per cent increase in property searches in the UK from US citizens.

This is thought to be due to the relatively high yields and returns of the property investments and the political chaos caused by the US immigration policy.

Some buyers are therefore likely to favour the UK instead of the US.

This coupled with a 20 per cent fall in the value of the pound since Brexit has made the UK property even more attractive to overseas buyers.

Only this week a UK central banker, Ben broadbent, Deputy Governor for the Monetary Policy at the bank of England, has said that some of Trump's economic plans could help the UK.

The Bank of England has raised its outlook for the UK and this underlines confidence in the property market with a more optimistic outlook for 2017.

Locally we have seen an increase in the number of first time buyers looking to get onto the property ladder which underpins the whole property market and this will undoubtedly move the market forward with more property now coming up for sale.

We currently have around 11 buyers registered for each property for sale.

There are now signs of spring in the air with bulbs and flowers pushing through in the garden so it's reassuring that whatever happens economically or globally some things just can't be changed.

If you are considering a move simply call for a free market valuation on 01453 542395.