Skip to content
Subscriber Only
Business
Pursuits

London Allure to Foreign Property Buyers Seen Dimmed by Tax

London’s status as a magnet for foreign property investment was burnished in the years after the financial crisis by an investor-friendly tax regime and the falling value of the pound. That may be changing.

A new capital-gains tax on homes sold by people living abroad and a growing British economy that’s lifting the currency may dull the capital city’s appeal to property buyers from abroad.