Squeeze on property market starting to slow London boom?
Category: Economy & Housing & property & Uncategorized
Sales of luxury property in London have seen a considerable slump following Chancellor George Osborneâs sharp increase to stamp duty. Property industry observers have given warnings that the situation is becoming more and more harmful to the property market. Douglas & Gordon, an estate agency with particular expertise when it comes to property in the capital, have seen a drop of almost two thirds in sales of top-end homes in the âprime centralâ areas of London.