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Pound's fall on Brexit fails to boost London luxury home sales

Rising taxes for owners and declining rents are sapping demand for such properties

Published Wed, Oct 11, 2017 · 09:50 PM

London

REALTORS who thought that London's luxury-home market would be kick-started by the pound's fall after the Brexit referendum are being left disappointed.

Sales of houses and apartments in the British capital's best districts rose less than 0.5 per cent in the three months through September from a year earlier, according to data compiled by researcher Lonres.