Pavilion Relocation Ltd, 80-83 Long Lane, London EC1A 9ET

Call: +44 (0) 1892 257 001

Terraced Kent houses

So what is happening in the Property Market?

Possible property buyers appear to be in a state of flux, unsure about the property market and whether to go ahead and buy now or later in the year post budget and the triggering of Article 50. Are house prices going to fall or continue to rise?  There are so many variables to consider in a period of considerable market volatility and there appears to be no end in sight.

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London sales of £5million-plus homes down 83%

Last week The Evening Standard reported on the London property market stating a slump in the sales of luxury homes.

The Evening Standard has revealed that sales of luxury apartments in London have collapsed by more than 80%. This reason for tis market slump is possible due to the combination of high Stamp Duty rates and “Brexit Blight” bringing the capital of London to “almost a complete standstill”. The figures have triggered near panic amongst developers and agents. The stamp duty rate of 12% on homes over 1.5million has been seen by many to have played a significant part in this change to London’s hot property.

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Get in Touch

  • Office Opening
    24 hours a day, 7 days a week
  • Telephone
    +44 (0) 1892 257 001
  • Address

    20 Moat Farm, Tunbridge Wells,
    Kent, TN2 5XG, UK

  • Email

    info@pavilionrelocation.co.uk

Get in Touch-London

  • Telephone

    +44 (0) 1892 257 001

  • Address

    80-83 Long Lane, London EC1A 9ET

  • Email

    info@pavilionrelocation.co.uk

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