In April, UK house sales increased by 5% to 90,430, following a slowdown due to rising mortgage rates. Nationwide’s chief economist, Robert Gardner, noted that general elections usually have minimal impact on house prices, with broader economic trends being more influential. Research from Compare My Move indicated that house prices typically rise by 4.6% in the year following an election, with larger increases when a party wins by a majority. Zoopla’s Richard Donnell predicted that the election might slow new property purchases, possibly reducing completions for 2024. Despite this, the housing market remains strong, with Rightmove reporting high average asking prices and increased buyer interest.