Prime London downturn could spread across UK

Concerns are mounting that a slowdown in London's prime property market, driven by recent stamp duty hikes, could spread nationwide. Wealthy buyers are increasingly opting to rent rather than purchase high-end homes to avoid hefty tax bills, with some central London prices being reduced by up to 30% to attract foreign interest. Experts warn this downturn could impact the wider housing market. 

The Mail on Sunday (03/08/2025)