UK developers offer incentives to entice buyers
They will pay sales taxes, give away £20,000 worth of furniture and the chance to win a free parking space as demand slumps
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
London
LONDON homebuilders are offering to pay sales taxes, give away £20,000 (S$35,732) worth of furniture and the chance to win a free parking space as Britain's vote to leave the European Union damps demand.
An economic contraction means that residential property values in London will probably fall as much as 10 per cent next year and UK homebuilder sales will drop by 5 per cent, according to Barclays plc analyst Jon Bell. That means more competition among developers, who are building a record number of high-end homes in London for those brave enough to purchase as the economy weakens.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
