Sunday, 1 March 2015

Most £2m homes located outside prime central London


Knight Frank research has found that eight out of 10 homes worth over £2m are in the Home Counties and London Suburbs, meaning just a minority are located in prime central London. Areas with the highest proportion of homes hit by a proposed mansion tax include Windsor, Sevenoaks, Islington, Wandsworth and Guildford. The findings have prompted some Labour and Conservative MPs to raise concerns that the tax will weigh on cash-poor homeowners, rather than rich overseas investors.

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