Mayfair-based property adviser Simon Barnes reflects on a turbulent Prime Central London market
I think we all know Prime Central London prices have been plateauing for some time now, but in reality, in many places prices have simply been too high and this, together with the threat of a mansion tax and the increase in stamp duty, has been responsible for stalling the market. It was clearly a relief to have a definitive election result as far as Prime Central London property was concerned, however it was very unwise of anyone to believe this would have an immediate and dramatic impact on market activity.
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