Prime buyers sit tight

‘Estate agents have reported that the top of the property market has cooled down, as wealthy international buyers sit tight till the chancellor has delivered the Autumn Statement.

Research by Knight Frank has found homes costing £2m plus were down 33% in the third quarter of this year.

The £2m-£5m market was hardest hit with a 44% decrease in activity. Buyers are thought to be concerned by changes to CGT, the possible introduction of a levy on expensive properties bought through a company and the already announced stamp duty increase.

WA Ellis’ Giles Cook tells the Times that he has already seen an increase in rental worried investors selling property held in offshore structures.’

Source: The Times

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

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While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

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