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London luxury-homes revival may be hit by bonus curbs

Britain’s curb on banking bonuses may stunt the recovery in London’s luxury-housing market by wiping out the windfalls that let buyers afford big mortgages, according to property brokers Knight Frank LLP and Savills Plc.

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The curb on banking bonuses in Britain may well lead to a stunted recovery rate for London’s luxury property market.

In a new piece for Bloomberg this week, we share our thoughts a top buying agency for prime central London property:

“The curb on bonuses will result in there being less competition,” said Camilla Dell, Founder of Black Brick buying agency. “Price rises are bound to be lower if you cut off a large chunk of the buyers.”, she continued.

Read more in the full article here.