Feb
19
London Luxury-Home Land Values Fall Most in Five Years: Chart
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Residential land values in London’s best districts fell 11.5 percent in 2016, the most in at least five years, on Brexit and tax increases, Knight Frank said in a report on Friday. The tax hikes caused home values in the priciest districts to drop by an average of 6.7 percent in the 12 months through January. There are signs that London land may be repeating conditions last seen in 2010, when “savvy investors returned to the market and bought in expectation that pricing was reaching the bottom,” Ian Marris, joint head of residential development at the broker, said in the report…
London Luxury-Home Land Values Fall Most in Five Years: Chart
