The Chancellor, Rachel Reeves, has unveiled property tax changes in the Budget today as she seeks to plug a reported £20bn hole.
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Since October 2020, just under 2.5 million homes across the UK have jumped in value by £100,000 or more. That’s the equivalent of earning at least £55 a day and a striking reminder of how dramatically the housing market has shifted in recent years.
Budget uncertainty is driving a ‘wait and see’ approach for new buyers while committed movers continue to try secure sales ahead of the year end. Realistic pricing remains key for sellers securing a sale.
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Property really can pay off, with home sellers in England and Wales making an average profit of £72,000
Pre-Budget speculation over possible tax changes is impacting market activity for homes over £500,000. The rest of the mainstream housing market is carrying on, largely unaffected.
Rental market conditions are starting to normalise as supply and demand rebalance. The affordability of renting remains a key constraint on the pace of future rental inflation.
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From securing an Agreement in Principle to locking in your mortgage offer, here’s how to navigate the process with confidence. We’ll show you how to prep like a pro and boost your chances of lender approval.
