"THE only part of the UK real estate market that is rising faster than London’s luxury homes is the land underneath them."

Homes selling for less than 2 million pounds in districts such as Chelsea and Knightsbridge have been climbing ever since the government raised a transaction tax known as stamp duty to 7 percent from 5 percent for properties priced above that level.

The program has contributed to the most buoyant housing market since the financial crisis. The government’s measure will lead to a stronger market without causing a bubble, because it is bringing in money from the top, not the bottom, a London-based group sponsored by Ernst & Young LLP, said in a report October 14th.

Property prices in London soared 10.2% Last Month Alone!

Opportunity is knocking. This is your last chance to buy before stock goes down and prices really start to rise...

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