Thursday, Dec 10, 2009

PBR and the housing market

Citywire: What the Pre-Budget Report means for the housing market

The most obvious effect of the tax on City bankers’ bonuses is that the top end of the property market, which has seen a spectacular revival in prime central London areas, will suffer a setback – albeit temporary if the banks simply delay paying bonuses. The prime London market has been particularly buoyant recently in anticipation of a return of big bonuses and so this attack on high value bonuses has the potential to hit that sector of the market hard, at least in the short term

Posted by jack c @ 09:52 AM (855 views)
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