The Market

'I’d be surprised if there was anything to tax in PCL from the last decade as prices have fallen 20%,' notes Knight Frank's UK resi research chief.

There were 18.3% more homes on the market at the end of last month than a year earlier, LonRes data shows.

'Prime markets are taking a collective breath,' says Knight Frank.

The run of low transaction volumes continued in July, reports LonRes, although under offers and new instructions signal ongoing buyer and seller activity.

A top research boss, a super-prime valuer, a tax guru and a veteran agent make sense of the speculation as silly season peaks.

The Office for National Statistics has updated the methodology behind official UK house price data, resulting in lower inflation readings.

The number of properties going Under Offer has been above previous years' levels for the past two months, yet Sales Agreed are still falling short.

The Chancellor is reportedly looking into charging Capital Gains Tax on top-end homes, and/or the prospect of an annual levy on the most expensive properties.

New research goes beyond the listing price to reveal the true cost of a high-value residence, from Singapore to London.

'We encourage all stakeholders to engage with the consultation and help shape the future of home surveying,' says the Royal Institute.

From Bayswater to Westminster, this is how London’s top neighbourhoods are stacking up in 2025.

Treasury said to be weighing charge on £500k+ homes, with council tax overhaul also on the table.