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“bank of mum and dad” help, lifetime gifting, or formalised early inheritance — reduce the reliance on high loan-to- value mortgages and make deposit hurdles easier to clear. The effect is twofold: it expands the pool of creditworthy buyers and accelerates purchase decisions which, in aggregate, sustains transaction volumes even when headline policy risk rises. That is not to say the market is immune to policy risks. A well-designed tax can change behaviour, affect certain segments more than others (for example, second-home owners or buy-to-let investors), and feed through to prices over time. Policymakers who want to raise revenue from housing will face trade-offs: higher levies can bring short- term receipts but risk dampening activity, reducing churn in the market and potentially depressing values — outcomes that are politically and economically sensitive. For now, however, the combination of robust employment, available mortgage credit, and intergenerational financial support has helped keep UK residential sales resilient.The November budget will matter — the details will shape incentives and the distributional effects — but the market’s current health reflects deeper household fundamentals and longstanding social behaviours that mere speculation about taxes has not, at least yet, overturned. For the fiscal and political debate that follows, the prudent course is clear: policymakers should balance legitimate revenue needs with the real-world consequences of housing taxes on affordability, supply and family finances. Meanwhile, families and buyers, ever inventive, will continue to find ways to adapt — and that adaptability is the clearest reason the housing market has remained more robust than the headlines suggest.
Sound Fundamentals Keep The Uk Housing Market Buoyant — Even As Talk Of New Property Taxes Rattles Nerves As the government prepares to outline its fiscal intentions in the November budget, speculation about new property- related taxes has dominated headlines. It would be easy to assume that a policy surprise of that kind would cool activity and tip buyers back into the wings.Yet the reality on the ground in the UK’s residential market tells a different story: employment remains strong, demand is resilient, and a longer-term structural shift — parents transferring wealth earlier to help younger relatives onto the ladder — is quietly underpinning transactions. This market resilience is reflected in the fact that at McCarthy Holden, house sales are performing very well so far in September.Talk of potential new property taxes can create short-term noise, but buyers and sellers price risk into decisions. Many buyers work to live and enjoy life and their money which they have worked hard for, and this could be why savvy buyers are securing their dream home and living life. It goes to show markets are forward-looking and nuanced. Wider issues are contributing factors, such as the labour market matters. For most households, the ability to commit to a mortgage or to trade up depends on steady pay cheques and confidence about job security.Through recent shocks to the global and domestic economy, the UK labour market has shown notable resilience. Continued employment and income stability give prospective buyers the confidence to proceed with purchases rather than delay in anticipation of fiscal changes. In short: when people feel secure in their jobs, they are more likely to make big financial commitments such as buying a home. In addition, demand dynamics have been reshaped by intergenerational support. Over the last several years a growing number of younger buyers have been enabled to buy by gifts, loans or early inheritance from parents and grandparents.These transfers — whether framed as
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