Buyers face tax increase in London

The average luxurious housing price in Central London has increased by 10% in 2012, after the Government decision to increase property taxes to real estate sells above 2 million pounds.

Buyers are now looking for luxurious properties which are not subject to this new tax, and according to Bloomberg, these very sought houses will be sold by 23% more this third trimester, in comparison whit the previous year.

Knight Frank Company says the real estate sector in London is still much linked to big foreign investors, representing 50% of luxury villas buyers in the British capital.

Luxurious properties market is still a true haven in a sector experiencing rough times. One of the key elements explaining this is the fact that this market is stable even in times of crisis, ensuring secure investments.

Buying luxurious villas in Mallorca and the main European Capitals is a safe-fire investment for years, specially appreciated by Russian, Italian, Indian, US and French buyers, looking for top quality neighborhoods and seaside exclusive residential areas.