It will be the first December election since 1923 with Brexit set to be dominating the agenda.
Parliamentary deadlock has been broken after MPs backed Prime Minister Boris Johnson's call for an election by 438 votes to 20.
Providing the House of Lords agrees the UK will be set for its first December election since 1923.
Both the Liberal Democrats and Scottish National Party abstained from voting for the election after their preferred date of 9 December was rejected.
Should the legislation pass the House of Lords parliament will dissolve next Wednesday to allow five weeks of campaigning as per the fixed parliament act.
Opposition leader Jeremy Corbyn had previously said Labour would not back an election unless the possibility of a no-deal Brexit was removed.
Property developer Keshava Raghubeer of Sixteen South West welcomed the election adding that this was a time for the country to make a decision regarding Brexit.
He said: "Like it or loath it Brexit has been the sword of damocles hanging over the UK for far too long.
"As a country we need to have the ongoing saga that is Brexit resolved. The nation voted in June 2016 to leave the European Union. It's now almost 2020. We can't have this hanging over our collective heads any longer.
"This election, if nothing else, gives everyone throughout the country to vote once more. The big concern now is that whomever emerges triumphant needs to have a majority to draw a line under this once and for all.
"The uncertainty is hurting the property market and, hence, hurting the UK economy. Enough is enough. Let's get this done one way or the other."
Nick Leeming, chairman at Jackson-Stops, emphasised how current uncertainty is affecting the housing market.
Leeming added: "The priority now must be for politicians to provide reassurance by forming a Government, once elected, as quickly as possible.
"Regardless of how the government is formed it is clear that each of the main political parties’ manifestos need to have housing as a priority and so a clear strategy must be put in place to tackle punitive stamp duty costs.
"Whilst this does bring further uncertainty to the UK's housing market, it is key to remember that buying or selling a home isn't something that people do off the cuff.
"There is often an overriding reason for moving, whether this is being closer to a good school or childcare, or the need to upsize or downsize.
"These drivers do not simply stop existing because the country is set to vote in a general election."
European Council President Donald Tusk said earlier this week that the EU had formally accepted the extension to the Article 50 negotiating period.
