A property veteran of four decades, Abrahamson counts the world’s wealthiest as clients — Lakshmi Mittal, Simon Cowell and Ringo Starr among them.
His firm enjoys a virtual monopoly on ‘Billionaires’ Row’, Bishops Avenue in East Finchley, where asking prices range up to £100 million and beyond.
How have the past twelve months been? ‘Terrible,’ says Glentree’s founder, pointing to the non-dom debate, changes to offshore ownership rules, stamp duty, ATED, capital gains, oil prices and stock markets. ‘The Government were tightening the noose around the golden goose’s neck. Now, they’ve constricted it.
‘They’ve excited the market between £200,000 and £700,000 — which was overheated anyway and
where they’re getting very
little stamp duty returns,’ he adds, ‘and they’re kicking the shit out of the market at the middle to upper end, which produces the majority of stamp duty receipts. How can that possibly make any sense?’