Mansion Tax Threat Is Putting Buyers off £2m-Plus Homes

The threat of a mansion tax after next May’s general election has put off potential buyers of £2m-plus homes in London, Savills has said. The uncertainty surrounding the 7 May vote will continue to hold back the very top end of the capital’s luxury property market in the next few months, the upmarket estate agent added. Would-be buyers are sitting on their hands because Labour has pledged to introduce a new levy on owners of homes worth more than £2m to raise £1.2bn for the NHS if it wins the election.  Read more on the Guardian website.