Commenting on Friday’s (9th June) election result of a hung parliament, Andy Foote, sales director at Seven Capital, said:
“Following the EU referendum, we saw a slight pause as the market digested the immediate impact of the decision. While this is an unexpected result, arguably, it is a less seismic shift than the decision to leave the EU – as reflected in Friday morning’s financial data.
“While the London market may be more sensitive to the election result in the short term, the regional growth markets should remain robust and resilient – delivering capital growth for investors. Despite today’s outcome, the imbalance of supply and demand in the UK property market still persists.
“The cornerstone for all property investment in a sustainable pool of tenants. With Birmingham’s current regeneration strategy supporting significant job creation, the city’s rental market is incredibly buoyant and shows no signs of waning.”