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A series of proposals around council tax, stamp duty and land value tax are attracting attention as policymakers consider how to reform property taxation. The debate spans mansion taxes in Scotland, and broader reforms that could affect ownership costs and mobility.
Nationwide reports that annual house price growth has picked up to 2.2% in June, while month-on-month prices are flat. Mortgage rates remain elevated but could ease if energy prices stay soft. Buyers are cautious; sellers are pricing carefully amid a slower summer and uncertain outlook.
Rightmove data shows a 104% rise in searches for homes with air conditioning as the UK endures record heat. Buyers are weighing comfort and energy costs, with expert comment on how climate drives property choices and the market remains subdued in overall activity.
Britain’s housing market has cooled further, with Rightmove reporting a 2% drop in newly listed prices this August. London leads the decline while the North steadies, and investors are pushing prices lower as liquidity returns to the market.