Sales of super-luxury homes fall off a cliff as tax hikes and economic uncertainty take hold



Sales of luxury homes has plummeted by as much as 86 per cent this summer when compared with last year, new figures reveal.
Just five properties went for more than £10million in the three months to August, compared with the same period in 2015.
Furthermore the average price paid for the top five most expensive homes fell by 25 per cent from £22million to £16.3million, the Land Registry figures analysed by London Central Portfolio suggest. 
Not one home outside of London went for more than £10million, compared with 30 per cent of super-luxury properties last year, according to the prime... read more

 
18 October 2016 in Business, Views: 32
Source: Daily Mail
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