This year there is no traditional autumn sales boom for UK’s homebuilders, Bloomberg reports.

Sales of expensive property in London slumped due to higher prices, uncertainty around Brexit and rising taxes that scared the buyers away. Such companies, as Crest Nicholson Holdings Plc., are reducing construction volumes to adapt to new market conditions. Shares of the company fell 14,9% in London today. They already lost 44% of its value since the beginning of this year.

UK’s homebuilders enjoyed market growth for a long time. It was supported by government stimulus, cheap loans and sufficient land supply. It seems that those times are over. The government raised taxes on landlords and second-home owners. It also threatens to increase stamp duty on foreign investors.

Bellway Plc announced annual earnings decline first time since 2009.