Labour rules out new wealth & mansion taxes

It's suggested that the Labour Party would hit overseas buyers with higher tax rates and impose restrictions on who can buy new-build homes in the UK.

Regulation could help, but construction of more homes 'remains the real solution', says property industry trade body.

The government is pressing on with plans to regulate the holiday rental market, suggesting a new planning use class for short-term rentals, and a register of to keep track of them.