What will 2024 general election mean for UK house prices?

UK house prices have been seeing a spring bounce. But has Rishi Sunak’s snap election changed the property market’s outlook?

UK house prices signs outside properties for sale (photo by Mike Kemp/In Pictures via Getty Images)
(Image credit: Getty Images)

The UK general election campaign is hotting up as the major parties jostle for voters. One area that we've only just started hearing about is housing.

The Labour Party has pledged to reintroduce home building targets and to implement a Freedom to Buy scheme. Meanwhile, the Conservatives have promised not to increase the current stamp duty thresholds and to resurrect the Help to Buy housing support initiative.

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Henry Sandercock has spent more than eight years as a journalist covering a wide variety of beats. Having studied for an MA in journalism at the University of Kent, he started his career in the garden of England as a reporter for local TV channel KMTV.

Henry then worked at the BBC for three years as a radio producer - mostly on BBC Radio 2 with Jeremy Vine, but also on major BBC Radio 4 programmes like The World at One, PM and Broadcasting House. Switching to print media, he covered fresh foods for respected magazine The Grocer for two years.

After moving to NationalWorld.com - a national news site run by the publisher of The Scotsman and Yorkshire Post - Henry began reporting on the cost of living crisis, becoming the title’s money editor in early 2023. He covered everything from the energy crisis to scams, and inflation. He also has bylines in MoneyWeek.