Link revealed between Conservative votes and property sector

A report by the estate agent Your Move has apparently identified a link between the number of Conservative votes at general elections and the short-term direction of the UK property sector. The report shows that the increase in Conservative votes in the 1979 election (13.7 million compared to 11.5 million in 1974 election) resulted in a short-term increase of 8.6% with more people buying and selling properties.

The apparent link would appear to be confirmed when you compare the 1997 Conservative party share of the vote was 9.6 million, down from 14 million 1992, at which point the number of properties changing hands fell by 2%. Many people believe that a large number of Conservative votes indicates that people are looking to the future, and their own prosperity, which can be directly linked to property purchases and people setting up home.

The fact that activity in the property market would appear to increase the more voters that are in favour of the Conservative party is something which could potentially give the UK property market a major boost in 2010. However, if the Conservative party struggles to gain an outright majority at Westminster this could be seen as a worst-case scenario for investors, property buyers and money markets in the UK.