proportional property tax

The prime London property market is being moved this week by a tax that does not yet exist. Speculation over how Andy Burnham will reshape property taxation is already doing the damage the reforms themselves have not — buyers and sellers are hesitating, and prime London, where transactions are already thin, feels it first. Six stories this week: the uncertainty tax freezing decisions, the Fairer Share model unsettling build-to-rent investors, Britain’s landlords internationalising, overseas funds behind nearly one in ten UK purchases, a leasehold consultation with high stakes for prime central London, and three bidders circling the £350 million Fizzy Living portfolio.