Self-builders ‘should sell before the election’

Self-builders who are hoping to sell their property this year have been urged to do so before the general election.

Property expert and television presenter Phil Spencer recently explained to the Daily Telegraph that conditions in the housing market are likely to decline in the near future, as a result of rising taxes and public spending cuts that he expects to come about following to the general election.

“It’s a confusing market right now,” he said.

“Despite the frenzy of rising prices in many locations in the last quarter of 2009 and early this year, don’t bank on the housing market roaring ahead in 2010.”

For that reason, he suggests selling up as soon as possible to get a good price and waiting to buy until after the voting is over to pick up property on the cheap.

Spencer is the co-presenter of Channel 4’s Location, Location, Location and has written property columns for publications such as Night and Day and the Sunday Times.

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