Carrington on Q2: 'There are better ways to deflate a bubble'
'The market is adjusting as it always does, but HM Treasury will bear some of the pain this time as they forgot that the London residential market is part of the economy, not a cash cow needing to be milked'

William Carrington co-founded LonRes.com in 2000. A subscription-only service providing real-time data for estate agents, relocation agents, valuers and surveyors operating in the London area, Lonres.com owns the largest archive of sales and lettings transactions in central London and further provides tailored data and research analytics to its customers. William is a director of CLEA Ltd, which publishes the London Magazine, and is a consultant to Boston Radford Chartered Surveyors. He has nearly 30 years’ experience in the central London residential market and is known to all of London’s best agents. He commutes to and from Northumberland every week.
Carrington on Q2: It does seem that the tax rate in the popular Laffer Curve has now been breached
Successive parliaments have fiddled with stamp duty 14 times since 1995, but the right balance is yet to be struck, writes LonRes Chairman William Carrington
Carrington on Q4: Gauging the tipping point
Assuming a discount of about 20% against house prices at their peak, in 2014, the £2.
Carrington on Q3: Groundhog Days
LonRes chairman William Carrington offers his take on the issues of the day - or was that yesterday?
Companies in this article
LonResMost read
Interior design firm recruits former JLL & Ralph Lauren marketing boss as CEO
Henry Hird will be leading the 40-strong team at Sims Hilditch as the award-winning studio embarks on its 'next phase of growth'.
Caudwell brings in celebrated interior designer for top-end Mayfair project
Developer confirms Juan Pablo Molyneux will create the residents’ communal areas for 1 Mayfair, the forthcoming RAMSA-designed scheme billed as 'London’s most exclusive address'.
Knight Frank’s van Straubenzee named ‘property adviser of the year’ at wealth industry awards
Joint-global head of the agency's Private Office saw off competition from seven other high-profile names at the 2023 Spear's Awards.
Size Group to acquire ‘world-class’ bespoke furniture maker
Deal sees top-end construction & maintenance firm expand its range of specialist services, and sets up a foray into the world of superyachts.
Strutt & Parker appoints new Heads of Sales in PCL
Agne Karazuite and Ed Boden have taken on new roles in Chelsea and South Kensington.
By PrimeResi
‘After all, property is a people business’: In conversation with top Savills execs Pete Bevan, Liza-Jane Kelly & Richard Gutteridge
The agency's London & PCL chiefs share their insights on achieving success in the industry, the biggest market shifts of the last 25 years, and the latest buyer & seller trends...
London’s super-rich turn to rental homes as ‘rival wealth hubs’ entice billionaire buyers
Fresh analysis by luxury estate agency Beauchamp Estates looks into the wealth and lifestyles of the global super-rich.
By PrimeResi
£60mn townhouse sale reported at Chelsea Barracks
Significant sale 'demonstrates that despite ongoing economic uncertainty London remains top of the list for the world’s global buyers,' says Knight Frank.
LATEST ARTICLES
Required Reading: National Trading Standards publishes full guidance on new Material Information rules
Providing prospective buyers or tenants with more up-front information about a property should result in shorter transaction times and fewer fall-throughs.
By PrimeResi
John D Wood appoints new regional director in London
Ex-Chestertons director Glynn Gibb steps up at the high-end estate agency.
Resi transactions slip, but not by much – property industry reacts
'We haven’t turned the corner yet' but minimal month-on-month fall amidst a backdrop of stubborn inflation and high mortgage rates 'is a ringing endorsement for the resilience of the property market a…
Five cities buck global super-prime slowdown
Hong Kong, Dubai, Geneva, Miami & Sydney all saw $10mn-plus sales rise over the last quarter, reports Knight Frank.
Prime Central London: Global city of the future or global city of the past?
Key takeaways from the recent Wealth Breakfast at Burlington House, where a panel of experts delved deep into the mechanics of the capital's prime property market.