Sales of central London properties suffer as buyers head to outer boroughs Property Overall demand for prime property steadied in the third quarter of the year on sales of mansions in south west boroughs, while central London sales fell. Prices have slumped by around a fifth in the past decade due to low demand, while an exodus of high net worth individuals and uncertainty around property taxes has [...]
UAE buyers swoop on cheap London prime property Property Wealthy buyers from the UAE are swooping on prime properties in central London, according to new data. UAE nationals accounted for three per cent of overseas buyers in prime central London in the year to July, up from 0.6 per cent the previous year, according to Knight Frank. “The uptick in interest from the Middle [...]
A non-dom tax U-turn could revive prime London property Opinion Prime property in areas like Mayfair and Belgravia is currently going for as little as £1,800 per square foot, but reversing inheritance tax on global assets could re-establish London’s appeal to the world’s rich, says Edward Matthews Reports that Rachel Reeves is considering reversing the requirement for overseas high net worth individuals (HNWI) to pay [...]