“Previously buyers have been reluctant to trade out of the London market given the extent to which its value has been rising,” said Lucian Cook, head of residential research at Savills. “This is now much less of a concern. The stamp duty costs of upsizing in the capital and limits on what can be borrowed are acting as catalysts for a greater flow of wealth into the prime regional housing markets.”
Londoners accounted for 30pc of all purchases in the prime suburban and commuter market… (View original article)