Sales of £5 million properties in Westminster, Kensington and Chelsea have dropped by a third, research by chartered accountants and business advisers Lubbock Fine has shown.
This comes alongside a drop of two-thirds in supercar sales over the last year identified by accountancy group UHY Hacker Young.
Prime property sales in Westminster dropped by 35 percent from 196 in the financial year 2021 to 2022 to 127 in the financial year 2022 to 20223.
Andy Norto...
Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@eprivateclient.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAMeprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.
Read more
