Mortgage Introducer - Prime rebound or relief rally? Brokers sense ‘window of opportunity’ as mansion tax dust settles

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The release of the Office for Budget Responsibility report ahead of the Chancellor’s recent Budget, and weeks of speculation about a mansion tax-style levy, cast a long shadow over the prime property market. Agreed sales above £1m fell sharply in the run-up to the announcement, with November volumes down markedly on the same period last year and agents reporting a pervasive sense of “just waiting for the uncertainty to end”.

“We are getting more enquiries again from people keen to buy expensive homes,” says Trinity Financial's Aaron Strutt. “Lots of potential buyers and sellers were clearly holding off until they found out what the chancellor was going to do. I remember the last time there were lots of rumours of a mansion tax coming into force and the property market cooled off then as well.”

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