UK Housing Bubble Bursts: Sales Of Luxury Homes Crash By 80%; “Waves Of Wealthy People Are Leaving”

“Britain has gone from being a safe, predictable tax environment to being not predictable and not attractive financially, clients feel under attack, they are not going to invest in London any more.”

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What happens next is that thousands of Ultra High Net Worth individuals will pack up and go, in many cases dumping their UK citizenship in the process, and take their spending habits with them, to whatever government has decided not to tax them through the nose. Yet.

http://www.zerohedge.com/news/2015-04-12/uk-housing-bubble-bursts-sales-luxury-homes-crash-80-waves-wealthy-people-are-leavin

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