Multimillion-Pound Home Sales Drop Sharply Before UK Budget

Sales of the UK’s most expensive homes plummeted in October, according to new data, with affluent buyers appearing to be put off by the prospect of a so-called mansion tax in Labour’s upcoming budget.

Property website Rightmove said Monday that agreed sales of homes worth at least £2 million ($2.6 million) were down 13% compared with 12 months earlier, the largest fall recorded this year.