U.K. Market Meltdown Shocked London’s Luxury-Housing Market

10 October 2022

Mansion Global

Though prime property markets globally tend to offer a level of stability that the overall market does not, London’s high-end market has not been unscathed by the economic and political turmoil in the U.K. over the last few weeks, according to a report Monday from LonRes.

The mini budget—the swath of economic changes announced at the end of September by newly minted Chancellor of the Exchequer Kwasi Kwarteng—was the event to have the most significant impact on the U.K.’s property market. 

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