The proposed super-tax on bonuses to bankers could have a severe affect on the property market, according to industry experts.
Estate agents can normally expect increased sales during the period of bonuses being awarded, with buyers from the financial and business sectors traditionally splashing out on luxury properties. They are credited with playing a significant role in driving up house prices during the boom years of 2006 and 2007.
With less money going into bankers’ pockets, property prices could fall further, particularly in plush locations such as Chelsea and Belgravia.
Masthaven is a competitive and quick way to meet your short term loan needs
