With over 100,000 property sellers cutting their prices last month alone, it poses the question: is the Bank of England’s base rate cut signal future mortgage rate reductions?
Speaking with David Byers of The Times, Black Brick Managing Partner and experienced UK property expert Camilla Dell shares why she believes the impact of Labour’s tax rises, and in particular the end of the non-dom scheme, is hobbling the priciest parts of London.
“Buyers of prime London property are nervous about buying into a market with excessively high stamp duty rates and an exodus of wealthy people leaving our shores for more favourable tax jurisdictions.”
Read the full article here.