With an exodus of millionaires, businesses and workers, has London lost its spark?
LONDON, UNITED KINGDOM, JUL 14 – An estimated 10,000 millionaires left London in 2024 amid high living costs and new tax rules targeting non-domiciled residents, impacting the city's economic vibrancy.
7 Articles
7 Articles
Is it high time to buy in super-prime London?
London’s super-prime market has been suffering from a glut of supply in the wake of damaging decision-making from successive governments. Ali Lyon asks, is the tide beginning to turn? To take a walk down Mayfair’s historic Upper Grosvenor Street is to be confronted by a quiet, but dramatic, changing-of-the-guard afoot in one of London’s most sought after roads. Its storied commercial occupants – from the Monegasque embassy, Michelin-starred Corr…
Selling England by the pound
Two familiar commentators on this blog, Mike Parr and the person known as Colonel Smithers, spent some of the weekend discussing a Substack by someone called Brian McDonald this weekend. As he noted: There was a time when London didn’t just walk tall — it strutted with the unapologetic arrogance of a city that knew it didn’t need to explain itself. A generation ago, it carried the air of a capital of consequence. The money moved like floodwater,…
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