22/06/2026
🚨 POLITICS & THE PROPERTY MARKET: What Keir Starmer’s resignation means for your move 🚨
With this morning’s major news that Prime Minister Keir Starmer is stepping down, you might be wondering: Is now the right time to buy or sell, or should I wait? 🏡
👇When Downing Street sees a leadership transition, the property market usually reacts in a very specific pattern. Here is what we are keeping an eye on over the next few weeks:
1. The Short-Term "Wait and See" ⏱️Historically, political shifts cause a temporary pause. A few buyers and sellers might hit the brakes for a week or two while the new Labour leadership timeline takes shape (with a new PM expected by September, or sooner if Andy Burnham runs uncontested). If you are looking to buy right now, this temporary quiet window could actually mean less competition for your dream home.
2. Mortgage Rates & The City 📉The housing market thrives on stability. The financial markets generally dislike surprises, but because Starmer has promised an "orderly transfer of power," we aren't expecting major shocks to inflation or the Bank of England's path. Mortgage lenders hate uncertainty more than anything, so once the new PM is locked in, expect lending to remain highly competitive.
3. The Underlying Housing Need 🔑The most important thing to remember? Politics doesn't change why people move. Families still grow, people still relocate for work, and first-time buyers still want to get on the ladder. The fundamental supply-and-demand mismatch in the UK housing market remains the biggest driver of property values, not who is sitting in No. 10.
💬 OUR ADVICE: Don't let Westminster headlines dictate your life milestones. The local market right here remains resilient, and the best time to move is simply when it’s right for you.Thinking about making a move this summer or want a realistic idea of what your home is worth today?
Drop us a DM or call -07957351416—we’re here to help you cut through the noise! 📲