Is the UK Housing Market Running Out of Steam?
In the City
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UK Housing Market Troubles
This chapter examines the notable decline in the UK housing market, particularly focusing on the luxury sector in London, influenced by rising transaction costs and government tax policies. It discusses the implications of these changes for both domestic and foreign buyers, as well as how recent economic decisions are contributing to stagnation in housing transactions. The dialogue also explores the broader economic consequences of these market shifts, emphasizing the need for a reevaluation of current assessment practices.
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