House prices in parts of London have tumbled by nearly 15
per cent in the past 12 months following a tax raid by George Osborne,
according to a report. Savills said the stamp duty surcharge on second homes
and buy-to-let properties was ‘the final nail in the coffin’ for the London
market. Estate agency giant Knight Frank
said values have been slashed ‘as a result of higher rates of stamp duty’
introduced by the former Chancellor before he was sacked and that ‘price
declines may be close to bottoming out’ as the fall in the pound following the
Brexit vote makes property in Britain more attractive to wealthy foreign
buyers. Read more on the Daily Mail website.
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