London Luxury-Home Values Stall for First Time Since 2010

Home values in London’s most-expensive districts stagnated on a monthly basis for the first time in four years as the threat of a new tax on luxury properties deters buyers.

Prices in the 13 neighborhoods that Knight Frank LLP defines as prime central London were unchanged in October from September, the first month without an increase since November 2010, the broker said in a report today. Values were up 6.5 percent in the 12 months through October.