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UK's upcoming budget may alter York’s housing market with new taxes on high-value homes and changes to buyer costs.
The UK's Autumn Budget, set for November 26, may reshape York’s housing market with rumored changes including a Mansion Tax on homes over £1.5 million and a shift from stamp duty to a seller-paid national property tax for homes worth £500,000 or more.
First-time buyers could see lower upfront costs, but sellers may raise prices, potentially maintaining high deposit requirements.
While the shift might temporarily increase rental supply, York’s market remains strong with steady demand despite regional variations.
The full impact depends on official details from Chancellor Rachel Reeves.
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El próximo presupuesto del Reino Unido puede alterar el mercado de la vivienda de York con nuevos impuestos sobre viviendas de alto valor y cambios en los costos del comprador.