Non-Doms Are Trying to Sell London Homes, But No One Wants Them
The number of London homes for sale at £5 million ($6.8 million) or more rose to the highest on record last month, as the nation contends with the departure of wealthy foreigners looking to escape tax hikes.
There was a 22% year-on-year jump in these homes on the market at the end of May, according to data from researcher LonRes. However, there were 15% fewer deals compared with the same month last year, hinting that the UK's decision to abolish tax breaks for non-domiciled residents has weakened demand.
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