Mansion tax may not be as big as previously feared

An average annual council tax surcharge in the Budget on 26^th November of possibly around £2,000 for owners of the most expensive homes may be only a modest drag on activity and prices at the top end of the housing market. But London and the South East would be hit harder than elsewhere.

We’re hosting a 20-minute online briefing at 3pm GMT on Wednesday 26^th November responding to the Chancellor’s Budget and assessing what it means for the economy, housing and financial markets. (Register here.)