Uncertainty reigns in PCL after ‘disorientating’ tax changes

A significant reduction in transactions is to be expected in an election year, but there have only been nineteen house sales across the whole of Belgravia, Chelsea, Knightsbridge and Kensington in 2015…

In the first quarter of 2015, there were 35% fewer transactions across PCL than there were, on average, in the last five years, notes buying agency Turnbull Property.

There's nearly 50% more prime property stock knocking around central London this month compared to last November, according to Knight Frank's latest stats, as tax becomes the great unknown for buyers