www.independent.co.uk
The combination of a new “mansion tax” on high-value properties and decreasing mortgage interest rates is creating a unique financial landscape that could prompt older homeowners to consider selling their current homes. The mansion tax may disincentivize owning expensive properties, while lower mortgage rates make it easier for younger buyers to enter the market. This confluence of factors could lead to increased housing supply as older homeowners downsize or relocate, potentially impacting the overall real estate market.
