The Conservative Party win in the May 7 election helped boost the number of buyers but an anticipated increase in sellers did not occur and supply fell, raising prices. Photo: AP

Price of UK homes hits a new record high after election

London housing shoots up by nearly 6 per cent after a 2.3 per cent fall in May amid concerns over Labour's proposal for a new 'mansion tax'

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The Conservative Party win in the May 7 election helped boost the number of buyers but an anticipated increase in sellers did not occur and supply fell, raising prices. Photo: AP
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