Property Advisers
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‘I have seen every market, but never one like 2016 before,’ says Jonathan Harington, who has over 42 years’ experience. The further rise in stamp duty has left the high-end country market in an ‘absolute shambles’, he says: ‘The politicians have frightened the life out of it.’ With a ‘huge amount’ of the business being understanding clients’ psychology, Harington often hears buyers’ (both local and foreign) frustrations with the additional price tag. A Scandinavian purchaser told him the £375,000 tax on a £4 million property in West Sussex was offputting: ‘“Why would I pay it to your exchequer?” he said.’ There has also been a ‘change in the dynamic’ in the way HNWs buy, he says, bearing in mind the portfolio they may already own.

Jonathan Harington
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