A New Setback for London Property Market

  • Homebuilders focused on high-end homes in U.K. capital fall
  • Election result probably rules out more property taxes: KF

The U.K. election result will create more uncertainty for the London property market, affecting values and sales volumes, real estate brokers say.

London homebuilders that develop high-end homes dropped after the hung parliament. Crest Nicholson Holdings Plc fell 6.7 percent, the most in 11 months, and was down 5 percent at 580 pence at 1:16 p.m., making it the biggest faller in the FTSE 350 Index. Berkeley Group Holdings Plc, the U.K. capital’s biggest homebuilder, was down 3.4 percent…

A New Setback for London Property Market

Categories : Real Estate

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