Richard Donnell, the research director at Zoopla, has today released a statement regarding what the Conservative win will mean for the housing market.
On maintaining the supply of private rented homes, he said that the role and importance of the private rental market must remain “high on the agenda” for the Conservatives.
He added that further reforms to the sector “appear likely” and that it is “important the impact on rental supply is managed in order to avoid an acceleration in rental growth – also known as runaway rents”.
He then said it was imperative for the new government to focus on transitioning from Help to Buy to a new housing scheme, as modelled around the old Starter Homes scheme that was outlined in the party manifesto.
However, Donnell believes that housing fundamentals will remain unchanged in light of the election.
He said: “The election result changes little when it comes to the fundamentals of the housing market. The challenges for housing vary across the country and there are no simple, national solutions.
“Record low mortgage rates have boosted house prices, while affordability challenges remain across southern England. At the same time housing has become less liquid with the average homeowner moving once every 19 years.”
He added: “This is a result of long run economic factors and demographic changes compounded by stamp duty which is a major barrier to movement, especially in southern England.
“Housing policy needs to cater to the different challenges across the country and focus on barriers to movement and increasing choice across all tenures.”