UK house prices: Properties in Tory seats worth £100,000 more than Labour constituencies
Homes in Tory seats outside of London have seen their prices surge at eight times the rate of properties in Labour constituencies over the past five years, according to Savills.
The real estate agent, which compiled the data for the Financial Times, found that houses in Conservative areas outside of the capital had jumped by 16%.
In comparison, properties in Labour constituencies outside the capital only rose by 2% and 8% in Liberal Democrat seats since before May 2010.
"The home-owning Conservative voter has generally done very well over the past five years," Lucian Cook, director of residential research at Savills, told the Financial Times.
The research also revealed that homes in Conservative seats are worth 64% more on average than those in Labour seats.
The data means that there is a gap of almost £100,000 ($151,230, €128,001) between homes in Labour and Tory constituencies outside of London, according to Savills.
In addition, the survey found that the typical home in a Tory seat is worth £253,083 against the £153,843 value of a Labour seat.
The findings come less than four months before the 2015 general election in May.
The latest opinion poll from YouGov for The Sunday Times, which questioned more than 1,600 respondents, found the Tories and Labour are neck-and-neck (32% vs 32%) as they head towards polling day.
The survey, which was conducted between 8 and 9 January, also revealed that Ukip garnered 18%, the Liberal Democrats were on 7% and the Greens trailed on 6%.
© Copyright IBTimes 2024. All rights reserved.