UK Election Results: Property Market Analysis by Constituency

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)

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.