Will the Labour Government Affect the UK Housing Market? Russell Quirk Weighs In...
In this episode, property expert Russell Quirk shares his candid thoughts on how the Labour government’s policies are shaping the UK housing market. With economic turbulence on the horizon, what does this mean for estate agents and property professionals?
Russell takes a closer look at the Labour government's economic handling, highlighting the recent rise in taxes and inflation, but also explains how the property market might benefit despite the political challenges. While rising interest rates have caused concern, Russell believes that the recent drop in borrowing costs could actually boost confidence in the market, helping buyers to step onto the property ladder or make their next move.
Even in the face of potential unemployment increases and a looming recession, Russell offers reassurance to those in the property industry. He argues that the fundamental factors driving the market, affordability and sentiment, could still keep things moving in the right direction.
Want to hear more about the property market's outlook? Tune in to the full episode and share your thoughts in the comments below!
