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UK House Prices Rise Amid Mansion Tax Uncertainty

12/3/2025

38 2 Full Breakdown

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UK House Prices Rise

Nationwide Building Society reported that UK house prices rose 0.3% in November to an average of £272,998.
The rise comes despite uncertainty over the mansion tax, which applies to homes valued above £2 million from April 2028.
Annual price growth slowed to 1.8% in November, down from 2.4% in October.
Experts say lower interest rates and a stable market may support growth, with optimism for 2026 as buyers anticipate improvements.

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UK Mansion Tax Exemption

The UK government's mansion tax will exempt renters in taxpayer-subsidized social housing valued over £2 million.
Starting in April 2028, private homeowners will be charged an average of £4,500 annually.
Critics, including Conservative shadow housing minister James Cleverly, say similar properties could be taxed differently by ownership, creating a two-tier system.
The policy is expected to raise £400 million for the Treasury.

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UK House Prices Rise

Nationwide Building Society reported that UK house prices rose 0.3% in November to an average of £272,998.
The rise comes despite uncertainty over the mansion tax, which applies to homes valued above £2 million from April 2028.
Annual price growth slowed to 1.8% in November, down from 2.4% in October.
Experts say lower interest rates and a stable market may support growth, with optimism for 2026 as buyers anticipate improvements.

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