It’s an election year, and Greycoat Real Estate is seeing signs that the real estate market will benefit from political promises and the accompanying buoyant media chatter. Economic conditions are improving as well, meaning 2024 is looking a lot brighter for the housing market.

Interest rate hikes have ended, so potential buyers can breathe a sigh of relief as they begin the process of finding out how much home they can afford. According to Greycoat, those who worried that rates could keep rising can finally take action on that three-bedroom across town. 

And the media has finally stopped tossing out doom-and-gloom scenarios that tend to scare buyers away from making offers. With Chancellor Jeremy Hunt presenting his election budget on March 6th, the public can expect the promise of tax cuts, Greycoat assures.

A lower income tax basic rate or changes to . First-time buyers are likely to pounce on what will most likely be Housing Secretary Michael Gove’s newest incarnation of the ‘Help to Buy’ program, meaning there will be even fewer houses on the market. And this is when Greycoat specialists come in. 

These efforts to fuel the real estate market and win favor with lower- and middle-income buyers are sure to make buying a house even more competitive, Greycoat finally states. While these actions could contribute to an even wilder property purchase market than that experienced during the pandemic, they’re likely to benefit the political class as much as the house-buying public.