The general idea is this:
A stable political outlook will lead to a more significant growth in the housing prices, said Ross Counsell, a director at Good Move. And hence the reality : UK’s house prices has risen by 2.3% within a month, the fastest rate on record.

The settled political situation after the victory of the conservative party may have led to this outcome. Now that consumers and producers became more confident about the prospect of 2020, the housing market transaction has been notably increasing.

However, the rising price of the houses in general, has some inevitable drawbacks especially towards the first-time buyers. Some of them would simply not be able to afford a decent house and others have no choice but to choose mortgage. Consequently, the number of mortgage approvals has increased from 44,058 to 46,815 within a month, according to UK Finance. Aligned with the rising house price, the number of approved mortgages has,therefore, hit the highest level since April 2015.

Indeed, the rising price of houses will be conducive to businesses such as the estate agents, allowing them to outperform with more active business transaction - hence boosting the national economy in the long run. Whilst, the high price pressurises consumers, especially the first-time buyers who opted for a mortgage, which eventually has to be paid back, with interests building up over time.

Although the impacts on the rising price of the housing market will vary individually as well as regionally (presumably the largest increase in the northern regions), it is evident to suggest the release of the political uncertainty will indeed boost the housing market activity further in 2020.