Property supply not taxes will be next year’s big challenge
After a "positively tolerable" Budget, it's the supply of quality property that is the real issue, according to Trevor Abrahmsohn.
After months of febrile speculation and doom-laden predictions ahead of the Autumn Budget featuring an ensemble cast of wealth taxes, exit taxes and eye-watering hikes to Capital Gains and Inheritance Tax, the final script turned out to be rather more modest. In fact, for most, it was positively tolerable by comparison.
The much-discussed Mansion Tax, pencilled in for 2028, is far less fearsome than first imagined. In practice, it amounts to little more than an extension of the existing Council Tax bands at the upper end of the market—albeit with the small caveat that both will still be payable.
Our view is that by politely ‘kicking the issue into the long grass’, it has become a problem for another government to wrestle with at some indeterminate point in the future.
With the entirely unnecessary pre-Budget hiatus now thankfully behind us, life can resume pretty much as before.
Quality stock
The prime and super-prime markets along the north-west London corridor remain impressively resilient. Indeed, the real challenge for serious buyers is not confidence, but supply—particularly when it comes to good-quality stock presented in excellent condition.
The luxurious Bishops Avenue Gardens (pictured) development is a classic case in point. It continues to attract discerning purchasers who prioritise lifestyle, security, and an attractive setting—preferably all at once.
In a landscape short on truly aspirational options, it is very much the ‘only game in town’—a welcome oasis for buyers seeking a safe, comfortable, and future-proof home.
We expect a strong uplift in enquiries in the New Year.”
We expect a strong uplift in enquiries in the New Year as buyers swiftly recalibrate after the Budget. Both up-sizers and down-sizers continue to gravitate towards amenity-rich developments like Bishops Avenue Gardens, where lifestyle-led decisions remain firmly in the driving seat.
With uncertainty lifted, the development stands like a proud ‘stately galleon’—serene, well-appointed, and sailing confidently through calmer waters.
