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.

This data shows a clear north–south split in UK housing supply. Homes for sale are rising across London and the South, while much of the North is seeing stock fall. The contrast raises questions about affordability, confidence, and whether higher supply in the South could limit house price growth into 2026.

Thinking of putting your home on the market soon? If you’re aiming to list within the next 90 days, this guide is for you. Here’s how to sharpen your strategy so you don’t just sell, you get the sale you want.

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.”