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Election and economy to impact on country house market (permalink)

Lack of supply of good quality country houses, which has been a major feature of the country market for over 12-months, will ease in the weeks prior to the General Election - now widely predicted for May 6, according to Prime Purchase.

Jonathan Bramwell, Head of Country at Prime Purchase said: "The shortage of prime country houses in all locations has been an important factor in holding prices stable and in some areas has caused price increases. However, there is now a perception that the General Election may result in a 'hung Parliament' which will struggle to cut public spending and to make the economic reforms required to allow the UK economy to recover."

Source: propertytalk Live!.

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