Prime London Home Prices Slump on Non-Dom Clampdown, Agent Says
The article discusses the impact of the British government's measures to restrict the tax benefits enjoyed by wealthy foreign residents, known as "non-doms," on the prime London housing market. According to the article, prices in the prime London housing market have slumped by the most in over four years due to the "non-dom clampdown." The changes in the tax regime for non-dom residents have had a "chilling effect" on the top-end of the London housing market, as per the statement made by a real estate agent. The article suggests that the government's efforts to limit the tax advantages available to wealthy foreign residents have had a significant impact on the demand for high-end properties in the British capital. This has resulted in a notable decline in prices in the prime London housing market.
Source: For the complete article, please visit the original source link below.
