Sales of top London homes down 40%

14 April 2015

The Times (News)

Sales of £2m-plus properties in the most exclusive boroughs in London have tumbled by almost 40% as the prospect of a mansion tax and hefty increases in stamp duty stifle demand. Reversing worries last year that a bubble was emerging in prime central London, new data from LonRes found that sales of these homes in the three months to the end of March were 38% lower compared with the same period of 2014.

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