Mansion tax leaves £2m-plus homes half as likely to sell, report claims

Homes worth more than £2 million are now less than half as likely to sell as cheaper properties, according to new analysis that raises fresh questions about the impact of the Government's mansion tax.

The levy, announced in last year's Budget by former chancellor Rachel Reeves, is due to come into force in April 2028 and will apply to properties valued at £2 million or more.