Property News · January 24, 2018

Want to sell your luxury London home? Then take £1m off


Brexit uncertainty and higher stamp duty are putting off super-rich overseas buyersOwners of luxury London properties are having to knock more than £1m off their house prices to sell them because super-rich overseas buyers are giving the UK a wide berth due to “eye-watering” stamp duty and uncertainty surrounding Brexit. Mayfair-based property buying agent Garrington said homes in the capital’s most exclusive neighbourhoods have been reduced in price by an average of 9%. In Knightsbridge, the most expensive area, prices have been cut by an average of 12% – £927,000. Continue reading…

Source : theguardian.com
Read more…Want to sell your luxury London home? Then take £1m off

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