‘Mansion tax’ announced by Rachel Reeves will have limited impact on property market, building society says
UK house prices rose last month despite uncertainty before the budget, according to Nationwide, which predicted that the newly announced “mansion tax” would have a limited impact on the housing market.
The UK’s biggest building society said the average house price rose 0.3% month on month in November, higher than a 0.1% increase predicted by economists polled by Reuters. The average price of a home was £272,998, up from £272,226 in October.