This Budget Will BANISH Young People From Ever Owning Property

Описание: Is the dream of house buying slipping away in the UK? This video explores the challenges within the uk housing market, highlighting declining rates of homeownership and the growing housing crisis. Rising mortgage rates and other factors are significantly impacting first-time buyer opportunities.

November 26th, 2025. Circle that date. Underline it. Because that single day could completely reshape property ownership in the United Kingdom as we know it. Right now, as you're watching this, one in five homeowners across Britain have put their moving plans on ice. They're not looking at properties. They're not calling estate agents. They're sitting tight, paralyzed by uncertainty, waiting to see what Chancellor Rachel Reeves pulls out of that famous red box. And the rumors swirling around Westminster? They're absolutely wild. We're talking about the complete abolition of stamp duty, mansion taxes on family homes, and new levies that could hit landlords so hard it triggers a mass sell-off that makes the current exodus look like a trickle. The property market hasn't just slowed down for its usual pre-Christmas lull. It's gone into full hibernation six weeks early, and estate agents are reporting the quietest autumn in years. Why? Because what's at stake here isn't just a few thousand pounds in tax. It's your home, your wealth, the legacy you planned to leave your children, and potentially your entire financial future.

Before we dive into exactly what might happen on Budget day, if you want to stay ahead of every major property announcement and housing policy change in the UK, make sure you hit that like button and subscribe to Property Reporter. We break down the latest UK property and housing news so you don't have to wade through government jargon and financial speculation. Right, let's get into what November 26th could mean for you.

The biggest bombshell rumor that's been doing the rounds since August? Stamp duty could be completely scrapped on Budget day itself. Now, before you start celebrating, here's where it gets interesting. The Treasury isn't just considering abolishing it out of the goodness of their hearts. They're modeling a replacement that could be far more expensive for millions of homeowners. According to leaked reports, officials have been asked to study a new proportional property tax on homes worth more than £500,000. But here's the kicker. Instead of paying stamp duty once when you buy a property, you'd pay this new tax annually after you sell. Every single year. The proposed rate? Around half a percent annually, with an extra quarter percent on values over £1 million. Now that might not sound like much, but let's do the math on a £750,000 home in the South East. Under the current system, you'd pay stamp duty once when buying, around £25,000, and you're done. Under this new system, if you live there for 20 years and then sell, you'd start paying roughly £4,000 every year for as long as you own it after the sale. Over two decades, that's £80,000 instead of a one-time £25,000 hit.