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flag UK housing market slows as Labour proposes taxes on expensive homes, causing buyer caution.

flag UK housing market slows as Labour considers taxing homes over £500,000 and removing capital gains tax exemption for primary residences over £1.5m. flag This tax uncertainty is making buyers cautious, especially in London and the south-east where a third of homes exceed £500,000. flag Zoopla warns that such speculation could decrease market confidence and activity, affecting the economy. flag 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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