LCP Prime London Resi Report: 2017 Issue 1
2016 proved a challenging year for the Prime Central London property market. A marked slowdown in sales was seen as Stamp Duty changes and uncertainty before and following the UK’s Brexit vote affected sentiment. Whilst prices have remained stable for the market as a whole, a watershed has been created at £1m, above which tax is having the most significant effect. As a result, property prices at the lower end of the market have shown modest growth whilst they have fallen at the luxury end.
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