However you voted on May 7, one element of the general election is beyond debate: the unexpectedly decisive nature of David Cameron’s return to Downing Street, this time with a small, but effective, majority.
Political uncertainty put the UK property market into a state of limbo over the past six months, especially at the top end. But Labour’s failure to win means fears of a mansion tax on homes valued at more than £2 million have receded.
Domestic and overseas property investors were apparently following the election so closely that central London estate agents told of calls to their offices from potential buyers keen to get back into the market even as votes were still being counted.
Read the entire article at the Telegraph.