020 7538 0102
9th January 2015
Stamp duty reform and the prospect of a mansion tax have been cited as contributing factors in the price of an upmarket London home falling by more than 4% in the last three months of 2014. According to research, central London homes priced around the £4m mark were hit hardest by George Osborne's stamp duty overhaul, with values falling by 4.2% in the fourth quarter and 1.3% over the full year. Comparatively, prices of properties in the £1m to £2m bracket rose 2.6% over the 12 month period, while growth in top regional markets averaged 3.2%.