London Luxury-Home Prices Rise Most in 10 Months as Pound Slides

London Luxury-Home Prices Rise Most in 10 Months as Pound Slides

Chris Ratcliffe/Bloomberg

Rows of houses stand on Lansdowne Road in the Kensington and Chelsea borough of London. A year ago, Chancellor of the Exchequer George Osborne increased the levy, known as stamp duty, on purchases of homes costing 2 million pounds or more.