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‘Brexit discount’ on London property fails to tempt US buyers

Potential US buyers of luxury London homes are leaving multimillion pound discounts on the table as Brexit-related uncertainty stalks the capital’s high-end property market.

Research by estate agent Savills found those buying so-called “prime” central London properties costing £5m or more can expect to pay 36% less than in June 2014 when falls in sterling, property price fluctuations and stamp duty rises are taken into consideration.

Click here for the full FT article (£)

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