Prime property may be in for a tax-sized wobble
By Kerfuffle Editorial ·
Prime London prices could fall by up to 2% in 2027, while country-house buyers are expected to drive harder bargains as the proposed mansion tax reshapes the top end.
The top end of the market may be heading for a wobble, and no amount of tea in the office kitchen will make a tricky valuation easier. Prime London prices could fall by as much as 2% in 2027, while country-house buyers are expected to push for harder bargains.
That is the outlook from property search firms HomeFinder Ai and Recoco Property Search, as the government’s proposed annual mansion tax puts pressure on the upper end of the market.
So what for your branch? Keep prime vendors close to the latest pricing evidence and be ready for buyers to negotiate harder.
Read the full story at Property Soup.