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Alex Christian has been in the industry for 20 years (11 of them at Savills). He’s now a director in Savills’ London Private Office and focuses on buyers looking to spend ‘usually north of £20 million’.
‘The market’s been dire since Osborne put up stamp duty and implemented capital gains tax and inheritance tax for foreigners – we lost the foreign buyers overnight,’ he says. ‘But post-Brexit, with the fall in the value of the pound, they’re starting to come back.’
Christian says that with low levels of stock at the top end of the market, people who previously would only look in Knightsbridge, Mayfair and Belgravia will now go further afield in the search for the perfect home.