Budget fails to revive prime London market - Property Soup

"The Autumn Budget has done little to restore confidence in Prime Central London’s struggling property market, with estate agents warning that sales remain at historically low levels.

Anderson Rose and Maskells say Chancellor John Healey has missed an opportunity to stimulate transactions and encourage investment in the capital’s residential property market.

The warnings come as Prime Central London continues to experience subdued sales activity, with buyers and sellers holding back amid uncertainty over taxation and regulation.

The agents also raise concerns that further taxes on property income and banking could discourage investment and increase borrowing costs."

Read the full article below:

https://propertysoup.co.uk/budget-fails-to-revive-prime-london-market/