I think you'd need some form of rollover relief if you were selling to buy another property though (assuming the market didn't magically correct).
Although that 200k increase looks good on paper, often in reality it means that the property you want to buy has increased by £300k.
I can see your logic but the hope would be that CGT in primary homes would attenuate property price rises.
@Stonehedge started
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I think you'd need some form of rollover relief if you were selling to buy another property though (assuming the market didn't magically correct).
Although that 200k increase looks good on paper, often in reality it means that the property you want to buy has increased by £300k.