Prime Minister Theresa May has confirmed that a snap general election is being called because the success of Brexit has been compromised by a division in Westminster.
She added that while she was not in favour of an early election, it was the only way to guarantee both security and certainty for the future.
The property industry appears to welcome the prospect of a solid government dedicated to delivering Brexit, but some leaders have warned that the election could have short-term complications for market activity.
JLL research head Jon Neale said the announcement of a June 8th snap general election is a positive thing for the British property industry. The likelihood of a general election coinciding with the conclusion of the two-year post-Article 50 period is no longer an issue, making a transitional period more feasible. There is also a reduced likelihood that UK businesses will have to face a return to World Trade Solution trading guidelines and total customs control with the European Union.