UK Election Results: Property Market Analysis by Constituency
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UK Election Results: Property Market Analysis by Constituency

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After the shock results of the general election on 8th June, leaving the UK with a hung Parliament, we decided to conduct some analysis to look more closely at the property market of the four main party leader's constituencies:

  • Theresa May – SL6 (Maidenhead)
  • Jeremy Corbyn – N19 (Islington North)
  • Tim Farron – LA9 (Westmorland and Lonsdale - Kendal)
  • Nicola Sturgeon – G41 (Glasgow Southside)

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Our data findings reveal:

  • Theresa May has a constituency with a higher than average property churn rate, in other words higher than average Sale % and Rent %. The average for current Sale Base (number of houses listed for sale) is at 2.67% and the Rental Base currently is 1.09%.
  • Islington North can be excused from having such a high Rent % as it’s part of central London, where of course Rent % is usually a lot higher. The property in this constituency is the least in demand out of these four, based on time on market, but this again is a trend for London.
  • Westmorland and Lonsdale, Tim Farron's constituency in Kendal, has the lowest Rental price of all four constituencies, although the second lowest for average asking prices, at £235,041.
  • Nicola Sturgeon is presiding over a very healthy constituency, if the measure of health is a good property market. The average asking prices (both Sale and Rent) are below national averages (the average being £383,513), and the property here is very much in demand when looking at time on market.

To read more of our property insight posts, click here. For more information about TwentyEA's property and home mover data provision and insight solution, or any of our other services, please call 01908 829300 or email enquiries@twentyea.co.uk