How Budget leaks killed the housing market

Contributing sentiments towards policy:

56% : The latest thinking is that Rachel Reeves will on Wednesday announce a new "mansion tax" on 150,000 homes worth more than £2m as part of a revaluation of council tax bands.
50% : In August, a raft of proposals to overhaul property tax in the Budget included imposing taxes on vendors of homes worth more than £500,000, which would replace stamp duty, and charging capital gains tax on primary residences worth more than £1.5m. Experts have spoken of the "chilling effect" that speculation and government flip-flopping has had on buyer sentiment.
50% : Sellers appear to have finally woken up to reality: the market is on ice while both buyers and sellers wait to find out what the Labour government has in store for homeowners.
45% : Most buyers (61pc) are aware of the tax rumours and three quarters of this group are concerned about them.
42% : A toxic combination of endless kite-flying by the Treasury - with dramatic property taxes rumoured to be unveiled in the Budget - as well as high mortgage rates and an increase in stamp duty costs has left the housing market in a state of stasis.

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