Adrian Black delivers critical property market insights and the influences, behaviour and money driving them.
The latest Land Registry information analysed for west prime central London property market shows a very sharp drop in spend on residential property in the area. In the graphic below contains data up to the first two weeks of November.
I would not be surprised if the full November report when known showed spend in November 2014 at perhaps as low as a half – perhaps a third? of the spend in November 2013. We have tabled the reasons in earlier blogs driving the fall…upcoming general election, property tax increases, especially for non-dom’s and enveloped dwellings, mansion tax uncertainty.
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