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Listen "London Mansion Sales Plummet Amid Tax Changes"
Episode Synopsis
London's luxury real estate market is taking a hit. Sales of mansions priced over $10 million have dropped by 37% year-on-year in Q1 2025. The culprit? Recent tax changes, including the abolition of non-dom status and a 40% inheritance tax on global assets, are deterring wealthy buyers. While London's high-end market cools, luxury property hotspots like Dubai and New York are seeing a surge. It's a clear sign that tax policies can significantly influence buyer behavior in the luxury segment.
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