Published on 11 Dec 2025
People are saying there’s too much insecurity around tax so they’re simply not buying,” said Charles Curran, market data analyst at Maskells, an estate agent in Kensington and Chelsea, London. “If the Treasury had factored the tax uncertainty generated by this Labour government in their calculation, and that the chancellor refused to rule out further tax increases last week, the drop [in property values] over the course of their tenure has been far more than 2.5 per cent.