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Property experts have warned there will be a major sell-off of investment properties and second homes as well as a further dampening in house prices if capital gains tax (CGT) is raised under the new coalition government .
As part of a package of tax reforms agreed by the Con-Lib coalition, CGT will be raised from its current flat rate of 18 per cent to rates "similar or close to those applied to income" though there will be exemptions for entrepreneurs
san francisco discount hotels Investors in Greece have been running for the exits, as indeed have Greeks themselves, according to Knight Frank, which reports a sharp increase in demand from affluent Greek buyers in prime Central London property.
Greeks have averaged san francisco discount hotels around san francisco discount hotels three per cent of all prime Central London £2 million-plus purchases over the past three years, but in the six months to the end of March their share of the market doubled.  This is still below the 13 per cent accounted for by Italians
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