‘First hard evidence’ emerges of £2mn mansion tax effect on property prices

TwentyCi delves into the reach & real-world ramifications of 2028's High Value Council Tax Surcharge - suggesting it is already shaping high-value housing behaviour.

From shifts in pricing and transaction levels to new-build activity, the OBR has released fresh forecasts for how the prime resi market could be affected by 2028's new annual levy.

'Almost overnight, the market tilted away from investors,' says Hamptons, 'meaning far fewer homes have been added to the rented sector' in the last decade.