27 Sep 27.09.2016 Overview of the prime London property market post-Brexit:
27.09.2016 Overview of the prime London property market post-Brexit:
Real estate transactions in prime central London fell in number, volume and value amid ongoing uncertainty after the UK voted to leave the European Union in June. In the last three months (June-August), the city’s property sales over £2 million and those under £2 million plummeted by 43% and 50% respectively from the same period of 2015, according to a monthly market report. Apart from the Brexit vote, market experts attributed the slowdown to the stamp duty changes in late 2004 and additional charges for second-time landlords.