According to Rightmove, the sale of homes across the nation are rising rapidly in the wake of increment ion the Capital Gains Tax hike, as more and more people are trying to avoid the costs.

It said that that in the first half of 2010, the home sales have risen by 22%.

The sellers are looking forward to increased income in the sale, bolstered by the increase in the property sector's growth.

The emergency budget to be presented tomorrow is likely to announce a hike in the Capital Gains Tax. This has triggered the selling activity, all the more.

As per the estimations of Rightmove, the sales are likely to go down in the last six months of the year.

Miles Shipside, Commercial Director of Rightmove, said that the present increment in the home selling has added to the financial crisis fears looming large in the economy. The removal of the Hips has initiated the sale process.

"Together, these factors are likely to put an end to this year's recovery in house prices. A surge of Hip-free properties has come to the market", he said.

During the 6 months, the house prices surged by 0.3%, as calculated by Rightmove.