22/06/2026
What Does Sir Keir Starmer’s Resignation Mean for the Property Market?
With Sir Keir Starmer announcing his resignation, I’ve already been asked whether this will affect house prices, mortgage rates and the wider property market.
The honest answer is that, in the short term, probably not.
Property markets tend to be influenced more by interest rates, inflation, employment and consumer confidence than by any one individual in Downing Street. While political change can create uncertainty, most buyers and sellers are driven by life events such as moving for work, growing families, downsizing or investment decisions.
The area worth watching is the financial markets. Mortgage lenders base many fixed-rate products on expectations of future interest rates. If investors become concerned about the economic direction of a new government, that could influence borrowing costs over time. Equally, if markets remain confident, the impact on mortgage rates may be minimal.
For now, there is no sign that the property market is grinding to a halt. Buyers are still viewing, sellers are still moving, and transactions are continuing as normal.
As always, confidence plays a big part in any market, so the coming weeks will be less about who replaces Sir Keir Starmer and more about whether the new leadership can provide economic stability and certainty.
We’ll be keeping a close eye on developments, but for now it’s very much a case of business as usual.
