There is talk of a rise in CGT on second homes/developed properties going up to 40% from April 2011 (or sooner?), but there are ways around it by designating it as your own residence, under certain rules and time limits. I dare say some will be able to wriggle out.
If not, and if this comes in, there might be a downward pressure on prices in some areas where property speculators run for the exit pre-CGT deadline.
But what we really need is for base rates to go above 6%, in my day even 6% was a low-moderate rate. Anything below 8% is low, really. Doesn't look likely, does it, they continue to have some magic dust on the eyes of the market and gilt buyers, don't ask me how.
TLB