One-third of homes for sale now chain-free as tax fears loom ahead of budget

The increase in new listings is primarily driven by landlords and second-homeowners aiming to sell amid expected capital gains tax hikes, raising inventory levels.

Falling mortgage rates are encouraging more movement in the housing market, providing homeowners with the incentive needed to finally list their homes after two years of delay.

Zoopla's data reveals that in London, two- and three-bedroom houses are most often chain-free, signaling they were previously rented or used as second homes.

With capital gains tax increases anticipated, landlords are rushing to sell their properties, particularly impacting markets in coastal areas, which have seen a significant listing surge.

Read at Business Matters