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London property market hit by uncertainty

Developers turn to Asia in an effort to boost sales; local house-hunters resist high prices of new homes

Buyers are encountering stamp duties on purchases in London that escalate from 4 per cent to 5 per cent for certain properties.


THE London property market is beginning to sag from its heady heights early this year and developers have embarked on an intensive Asian marketing effort to boost sales.

James Wyatt, a director of Parthenia Valuation, an independent valuing and data firm, contends that...

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