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Property industry calls for tax cuts to lift London market

Prime residential transactions have slumped, prices are down by 5-10% in the past year, says data firm Lonres

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Despite the decline from their peaks, London prices are still way beyond the affordability of the vast majority of UK residents.

London

THE fizz has gone out of the London real estate bubble and the property industry is calling for a reduction in stamp duties to lift activity and prices.

According to LonRes, a property data company, Savills, Knight Frank and other agents, prime London residential

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