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London property market like bullion

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  • London property market like bullion

    I do not know if this has already been posted but this is an interesting analysis on the UK property market, especially London. It is the first 10mins.

    http://www.maxkeiser.com/2014/02/kr5...n-debt-whores/

  • #2
    Re: London property market like bullion

    Originally posted by DRumsfeld2000 View Post
    I do not know if this has already been posted but this is an interesting analysis on the UK property market, especially London. It is the first 10mins.

    http://www.maxkeiser.com/2014/02/kr5...n-debt-whores/
    This is a very interesting analysis indeed. However, there's no mention of the stamp duty that's paid into the government's coffers with each transaction.

    Any property worth more than £2 million attracts a stamp duty of 7%. For a £35 million property, this works out to a nice £2.5 million!

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