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UK housing market slows as Labour proposes taxes on expensive homes, causing buyer caution.
UK housing market slows as Labour considers taxing homes over £500,000 and removing capital gains tax exemption for primary residences over £1.5m.
This tax uncertainty is making buyers cautious, especially in London and the south-east where a third of homes exceed £500,000.
Zoopla warns that such speculation could decrease market confidence and activity, affecting the economy.
Despite a 1.3% rise in average house prices to £270,600, sellers are advised to price homes correctly to avoid extended market times.
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El mercado de la vivienda en el Reino Unido se desacelera a medida que el Partido Laborista propone impuestos a las casas caras, causando cautela en los compradores.