January 1, 1970
Stamp duty has become the UK government’s “fiscal weapon of choice” in the housing market but calls for a full-scale overhaul of the property tax are growing as new surcharges and reliefs spark criticism of an increasingly unwieldy regime.
Analysts disagree on how much UK house prices will fall due to the coronavirus outbreak and subsequent market freeze, but the consensus is that they will take a hit.
“We used to call London Moscow-on-Thames because of all the wealthy Russian buyers, but now agents are calling it Beijing-on-Thames,” says Jeremy Gee, a London estate agent.
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Ealing, W5
St John’s Wood, NW8
Marylebone, W1U
Paddington, W2
Fulham, SW6
Knightsbridge, SW1X
Kensington, W8
West Hampstead, NW6
Highbury, N5
South Kensington, SW7
Earl’s Court, SW6
Chelsea, SW3