Nedbank Private Wealth expects the UK's 12 December election to have a significant impact on the UK property market, due to the ramifications of manifesto promises.

Typically, UK elections have a limited impact on the property market, but Nedbank Private Wealth predicts the upcoming election will buck the trend.

“The UK property market has come off the record highs seen in 2017," said Colin Campbell private banker at Nedbank Private Wealth.

"Meanwhile, prime central London residences have seen a continued correction in prices since 2015. This drop in property values has come at a time when there is also limi...