Brexit is crushing London’s luxury housing market
|09/21/2016||Posted by BusinessMediaguide.Com under General World News||
The uncertainty surrounding Brexit will have a brutal impact on London’s luxury property market, according to a report by estate agents Savills.
Savills predicts that the capital value of prime property in central London will fall by 9% in 2016 when compared to the year before. In the rest of London, it is predicted to fall by 5%.
The report says that post-referendum uncertainty has compounded the impact of successive tax rises on expensive property in the capital, and will delay the sector’s return to growth.
Here is the chart:
Value fluctuations in the read more >>>