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A new £2m-plus home surcharge is billed as progressive, but its impact falls mainly on London and the South East, where many owners now face an annual bill from 2028. Critics warn it punishes long-term residents, cools the prime market and deepens regional divides, even as households weigh downsizing. Many fear a new cliff edge at £2m too.
The semi-detached home remains Britain’s most loved housing type, shaping family life for generations. This article explores how the value of semis varies widely across the UK, from London’s seven-figure prices to far more attainable regions, and why their emotional pull remains as strong as ever.
With plans announced to raise the council tax surcharge on higher-value homes, this snapshot looks at how many £2m-plus properties have actually sold across the UK this year. The data shows a highly concentrated market, dominated by London, and reveals just how small this sector is nationally despite the noise around a “mansion tax.”