Prime Central London Property Values Fall by Up to 25%
UKPulse Property Desk
Prime Central London property values have seen declines of up to 25% in some instances, attributed to recent tax changes affecting non-domiciled residents.
- Prime Central London property values have fallen by up to 25% in some cases.
- Tax changes targeting non-domiciled residents are impacting the upper end of the market.
- Properties above £15 million have been particularly affected, with international buyers historically making up about 70% of transactions in this segment.
Prime Central London has experienced a decline in property values, with some properties seeing falls of up to 25%. This trend is linked to tax changes that specifically target non-domiciled residents.
The impact has been particularly noticeable in the market for properties valued above £15 million. Historically, international buyers have accounted for approximately 70% of transactions within this high-value segment.