London Mansion Sales Plummet Amid Tax Changes

London's luxury real estate market is taking a hit. Sales of mansions priced over $10 million have dropped by 37% year-on-year in Q1 2025. The culprit? Recent tax changes, including the abolition of non-dom status and a 40% inheritance tax on global assets, are deterring wealthy buyers. While London's high-end market cools, luxury property hotspots like Dubai and New York are seeing a surge. It's a clear sign that tax policies can significantly influence buyer behavior in the luxury segment.

What is London Property Digest, by Longrad?

Welcome to London Property Digest, your essential 10-minute audio recap for staying informed on London's property market. Whether you're an estate agent, an investor, or just curious about real estate, our bite-sized episodes deliver the latest news, trends, and insights in a quick and easy format.

What to Expect:

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  Weekly News Roundup: A swift summary of the top property stories from the past week.


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  Spotlight on Developments: An expert examination of noteworthy developments that deserve your attention.

Originally created to keep our team at Longrad sharp, we’re now sharing it with the wider community — offering you a fast, comprehensive London property update on the go.