Support for Conservative Party rises with UK house prices

Support for Conservative Party rises with UK house prices, new research reveals . The big increase in housing wealth inequality in the UK over the period from 1995 to 2007 increased homeowners' probability of supporting the Conservative party. However, it did not make homeowners more averse to the state's ownership of public services. These are the findings of research by Marta Schoch which the University of Sussex Economics PhD student will present to the Royal Economic Society's annual conference at the University of Warwick tomorrow morning [Tuesday April 16]. The new study investigates the effect of the increase in housing wealth inequality on the political preferences of homeowners relative to renters. Homeowners in England and Wales saw the value of their properties increase significantly during the housing price boom between 1995 and 2007. House prices at least doubled in four regions, and tripled in the three southern regions, with London experiencing a more than threefold increase in prices.
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