Top mortgage lender plays down impact of mansion tax on property market

Tom Bill, head of UK residential research at agents Knight Frank, said: “UK house prices have essentially been flat since the pre-Budget speculation began in the summer. Like many other parts of the economy, buyers sat on their hands until there was more clarity. Property-specific tax hikes are unlikely to affect house prices, particularly in the short-term, but the array of other rises will eventually take their toll.