Not in the national interest, but in the interest of our hearts!
Richard Ashton of Allan Morris looks at what is really important in buying and selling a property this spring.
The property market is never static. But it is perhaps now at a unique juncture. It is difficult to think of a time when the housing market was not so politicised. Homeowners and Landlords face a wide range of legislation and tax changes pushed by Whitehall. Following on from last year’s general election and the Scottish referendum in 2014, we now face the UK European referendum in June. No market likes uncertainty and on top of various recent tax changes – especially in the buy-to-let and second home sectors – these political events will certainly make some buyers and sellers wonder if they should wait for the dust to settle before moving.
But what if the results and fallout from these future events prevent the dust from settling? Perhaps after the referendum there will be something else to think about – a possible interest rate change, the US general election in November or some fresh global, economic or humanitarian crisis. The point is that our lives, although influenced by politicians, should not be dictated by them. Our lives have their own rhythm – governed by personal events like children leaving school or college, partnering and marriage, births, jobs, income changes, relocation, retirement, and – underlying it all – our individual ambitions, hopes and dreams.
Some say there is never a perfect time to move home. But of course there is: it’s the time that is dictated by our life and not by the political ballot box. In or out of the European Union, or despite what future events are in store, we all have personal agendas that largely ignore the national and international affairs as we seek to provide for our families and ourselves. We don’t move home in the national interest. We move home in our own interest – to fulfil our own ambitions. Despite what politicians may have us believe, our own houses are our castles and are rather more significant to us as individuals than either the Houses of Parliament in London or the European Commission in Brussels. So perhaps it’s best to forget politicians when it comes to moving home and listen instead to our hearts!
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