London's luxury property market slows on EU referendum jitters
With the EU referendum looming, there’s no doubt buyers and sellers are getting nervous. It’s due to this impending uncertainty that the market is coming to a standstill and decisions are being held off until the votes been made.
With the number of buyers per available property having more than halved over the past year, Tom Bill of Knight Frank believes that the decline is also owed to the higher levels of stamp duty; ‘Demand was already more restrained as a result of the impact of two stamp duty increases in 18 months.’
Click here to get The Guardian’s view on how Brexit is influencing the markets fall.