For Britain’s richest, signs suggest that their homes are becoming a less important source of wealth, reports Melissa Lawford in The Telegraph. In the article Head of The Buying Solution Will Watson shares his insight and explains why this is creating opportunities for buyers

London’s luxury property market has taken the hit from a succession of punitive tax changes in recent times, resulting in other assets, besides residential property, becoming more important for the very wealthy, reports The Telegraph.
Yet while older homeowners potentially face significant losses when selling their multi-million pound homes in London’s prime areas, such as Kensington, the City of London and Westminster, Richmond Park and Hampstead & Kilburn, this is creating opportunities for buyers with a long-term outlook on their investment.
“In the last 12 or 24 months, in pretty much every example of homes that we have been buying for our clients, we are paying less than the owners did 10 years ago,” says Will to journalist Melissa Lawford.
Read the full article here.








