London’s highly sought-after regions of Knightsbridge and Belgravia are usually a hotspot for wealthy property buyers. But not anymore, it seems.
A new piece by Bloomberg warns that the recently announced stamp duty taxes are putting off rich investors from buying property in London’s prime neighbourhoods.
Offering our thoughts on the topic as a top London buying agent for premium property, Black Brick’s Founder, Camilla Dell commented:
“Osborne has really depressed the luxury market. Investors are still spending the same amount, but they’ll split it up between several properties in the sub-1 million-pound market,”.
Read the article here.