Apr
18

London Quarterly Home Presales Drop 33% as Tax Burden Rises

By

Demand for London homes under construction slumped by 33 percent in the first quarter as a new tax on overseas buyers and high values damped demand.

The number of homes sold prior to completion in the U.K. capital fell to 5,947 from a record high of 8,927 a year earlier, according to data compiled by Molior London that was seen by Bloomberg News. Molior declined to comment…

London Quarterly Home Presales Drop 33% as Tax Burden Rises

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.