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London first-quarter home presales drop 33%

Wednesday, April 20, 2016 - 05:50


DEMAND for London homes under construction slumped by 33 per cent in the first quarter as a new tax on overseas buyers and high values damped demand.

The number of homes sold prior to completion in the UK capital fell to 5,947 from a record high of 8,927 a year earlier,

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