Price Declines Slow Along the River Thames

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Category: Economy

London home prices continue to fall in upmarket neighborhoods along the River Thames, though buyers are returning with more gusto, according to a series of reports Tuesday from London-based real estate agency Knight Frank.

Transactions along the iconic river bottomed out in 2015 following a stamp duty hike in 2014 that imposed a 12% tax on the price of homes over £1.5 million. “This bottoming-out process follows greater flexibility on the part of vendors, who have become more accepting of asking price reductions.”

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