Property guru Kirstie Allsopp has accused Labour of a ‘massive own goal’ after a tax raid on expensive properties triggered a 25 per cent slump in house prices.
The television presenter and Location, Location, Location star highlighted a report in the Mail this week showing homes in parts of London have seen close to £300,000 wiped off their value in the past year.
The collapse in prices follows Labour’s decision to raise stamp duty on more expensive homes and impose a surcharge on second homes while also introducing a so-called ‘mansion tax’ of up to £7,500 a year on properties worth more
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.