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The Guardian - UK
The Guardian - UK
Business
Richard Partington Senior economics correspondent

Housing market slows amid fears Reeves will increase property taxes

Older couple looking in estate agent's window
Speculation about the budget has become a prolonged and frustrating game of ‘guess the tax rise’, said one agent. Photograph: Purple Marbles/Alamy

The UK’s housing market is showing signs of slowing down amid speculation that Rachel Reeves could announce tax increases on property in next month’s budget.

In a sign of growing caution among house hunters, figures from Rightmove showed that both the number of new buyers contacting estate agents about homes for sale, and the number of new sellers coming to market, slumped by 5% in September compared with the same month a year earlier.

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