What on earth is everyone going on about?  True, the market is extremely buoyant between £200,000 and £600,000 where there is little stock and where you can sell a property to whomever you want within a matter of hours. However, at the middle to upper end of the market, there is a recession going on which probably started a year ago and where values are dropping by 10-15%.

There are very few buyers, particularly above £10million, either locally or from abroad.  The Non-Dom fiscal changes, the draconian Stamp Duty rates and the low oil price have all seen to that. Continue reading →