Luxury home prices in London dropped 0.2% in November, the second consecutive decline..
Unsplash Economic uncertainty caused by the mini-budget passed in the U.K. in September has continued to sideline London home buyers as they adopt a “wait-and-see” attitude.
“The inflationary potential of the low-tax economic plan [aka the mini-budget] set out by former Chancellor Kwasi Kwarteng alarmed financial markets and sent interest rate expectations higher,” Tom Bill, head of U.K. residential research at Knight Frank, said in the report released on Monday.Presented to the British Parliament as “The Growth Plan,” the mini-budget included a basic income tax cut, but […]
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