Housing market slows amid fears Reeves will increase property taxes

Post-summer bounce in activity fails to materialise as buyers and sellers, in the south especially, opt to ‘wait and see’The UK’s housing market is showing signs of slowing down amid speculation that Rachel Reeves could announce tax increases on property in next month’s budget.In a sign of growing caution among house hunters, figures from Rightmove showed that both the number of new buyers contacting estate agents about homes for sale, and the number of new sellers coming to market, slumped by 5% in September compared with the same month a year earlier. Continue reading...