Election fears hold back home purchases

10th April 2015

The Daily Telegraph looks at how the election is causing a slowdown in the number of wealthy individuals buying homes, with fears that a new government could see prices fall and taxes climb. Experts said data which shows a decline in mortgages for wealthier people with large deposits in the final quarter of 2014 might be balanced out later as over-55’s cashing in pensions potentially bring a new wave of property investment. Labour’s proposed mansion tax is said to be causing a few “cold feet” in the upper end of the market.

The Daily Telegraph (09/04/15)