Asset Class: Prime property vs gold, oil & stocks

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Feature

Savills' Head of UK Residential Research Lucian Cook grasps the political hot potato, assessing the potential impact of a mansion tax on the prime housing markets of the UK.
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Lib Dem proposals for a new property wealth tax that would levy an annual charge on owners of prime properties, which Ed Balls last week called "serious", are now being championed by leading housing charity…
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There were sighs of relief around Chelsea, Mayfair and Hampstead Village yesterday afternoon, as the Chancellor surprised us all by announcing that "there will be no new property taxes" in his Autumn Statement.