The upcoming UK labour market changes, including the increase in the national living wage and the abolition of the National Insurance Contributions (NICs) Employment Allowance, are expected to have a mixed impact on the property market. On the one hand, an increase in wages could boost consumer spending and confidence, leading to increased demand for property and potentially driving up prices. On the other hand, higher costs for employers could lead to increased property vacancy rates as businesses struggle to absorb the additional costs, potentially resulting in reduced demand and downward pressure on property prices. Additionally, a tighter labour market could lead to a reduction in rentals as businesses opt for working from home or consolidation rather than increasing labour costs.