Housing demand is showing signs of stability, but buyers and developers remain cautious ahead of the October Budget. Berkeley Group has called for property-tax reform, including a proposed 1% stamp duty cap for first-time buyers and downsizers and removal of the additional property surcharge. Separately, Propertymark has warned that proposed new council-tax bands for higher-value Scottish homes could restrict market activity.
Advisers should treat potential tax changes as uncertain until formally announced, rather than encouraging clients to transact based on speculation. AI can assist firms with monitoring consultations, summarising verified policy announcements and flagging affected client segments, such as landlords, downsizers and high-value homeowners. It should not be used to make definitive tax claims: advisers should distinguish mortgage advice from tax advice and refer clients to appropriately qualified specialists where required.