Thanks to the Tory victory in the UK election, house prices in London, the North and Midlands, and Belfast are set to rise, according to The Telegraph (17 December 2019). The property market could also indirectly benefit from a Brexit deal and the need to gain votes in newly-Conservative voting areas. The Tories plan to impose a three per cent surcharge on overseas buyers, but for many this is relatively insignificant. As Georg Chemiel, the executive chairman of said, Chinese buyers “believe it is small compared to the punishment they might have received under a Labor government".