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For decades, the mantra for wealthy
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Brits was simple: get your money into
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bricks and mortar. But according to the
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city's top bankers, that era is
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officially over. With stamp duty soaring
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and house prices stagnating, the
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traditional buy-to-let model is broken.
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If you aren't living there for a decade,
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the tax alone eats your profit. The data
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backs it up. City AM's analysis of land
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registry records shows sales of
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multi-million-pound London properties
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have plummeted by 37% year-on-year,
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representing the biggest decline in
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activity the capital has seen in a
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decade. So why the exodus? It's a
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perfect storm of high taxes, burdensome
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regulation, and a lack of demand that's
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killing price growth. In real terms,
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those multi-million-pound mansions are
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actually losing value. The London
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property market was once a safe haven,
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but now the gatekeepers are saying it
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doesn't work anymore. Investors are no
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longer asking where to buy in London,
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but what to buy instead.
