Is the UK housing market immune to political chaos?

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After much wrangling, a torrid few weeks for Theresa May, and a controversial one billion pound sweetener to Northern Ireland, the Conservatives have struck a deal with the Democratic Unionist Party and remain in power.

While the UK General Election last month indeed delivered a remarkable result, throwing Brexit negotiations – which began on 19 June – into further confusion, for the UK housing market we can expect little to change.

The immediate future of the Housing White Paper is unclear. Gavin Barwell, widely considered to be an able housing minister, lost his seat in the election, but has now re-emerged as Theresa May’s Chief of Staff. A former housing minister with the Prime Minister’s ear on a daily basis will be worth watching closely. New housing minister Alok Sharma meanwhile will have his work cut out following the tragic Grenfell tower block fire.

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