This article assess the effect of local election results on the housing market. Using French mu-

nicipal elections between 2001 and 2020 and housing transactions between 2010 and 2022, we compare

variations in housing prices after tight elections between a left-wing and a right-wing candidate. The

results show no significant effect of the election of a left-wing candidate has no discernible impact on

either dwelling prices or transaction volumes in the municipality, in both the short run (2 years) and

the long run (6 years). These results also hold when considering the election of a far-left mayor. We

also find no significant effect on the number of building permits issued.

Keywords: Local elections, Housing prices

JEL: D72, H7, R38