1st quarter 2022 prime central London market analysis
Tuesday 5th April 2022
By Patrick Bullick
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London Property - Home of Super Prime, interviewed me about the 1st Quarter 2022 prime central London Market. I argue that by reducing CGT and SDLT we could create a more fluid Prime Central London Market.
“What sustains prices is the shortage of supply. I personally think that we’ve got an artificial shortage of supply which could easily be resolved by dropping Capital Gains Tax. If the tax was dropped to a more reasonable level, then people would be more inclined to sell and this would create a more fluid market. Stamp Duty is also an unfairly high tax and the net effect of this is it limits the number of transactions, which means less tax coming in overall. ”
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