Short-term jitters in London real estate after tax changes

Singapore

THE changes in London's property taxes - both the recent stamp duty reforms and a new capital gains tax for foreigners - may give investors from Singapore pause for thought before buying in the property safe haven.

But some believe that growing jitters leading up to the UK general elections next May could be the best opportunity for Asian buyers to drive a harder bargain, taking advantage of the slower market and a general feeling of caution.