A tough stance on second-home taxation is unexpectedly igniting a surge in the UK’s countryside property market. Sales of homes valued above £750,000 rose by 7% in June, as price drops and increased listings lure buyers back.
The shift is a direct result of council tax reforms, with Welsh councils able to quadruple and English councils able to double taxes on holiday homes. This has led to a 9% rise in country house listings in the second quarter as owners rush to sell.
The expanded inventory and falling prices have given buyers significant negotiating power. Experts stress the importance of correct pricing, with well-priced homes selling quickly and others lingering.
Market analysts are optimistic that the current momentum will continue, with buyers enjoying their strongest position since the uncertainty of Brexit in 2018.