In a recent Country Life feature examining increased demand for property in Monaco, Middleton co-founders, Tom Hudson and Mark Parkinson described the abolition of the UK’s non-dom regime as “the biggest structural shift in prime London property in a generation.”
There is no doubt that some internationally mobile families are reassessing where they choose to live and invest. Destinations such as Monaco, Milan and Geneva have all seen increased interest as buyers seek stability and certainty.
However, this is not simply a story of people leaving the UK.
Despite recent changes, the UK’s world-leading schools, exceptional cultural offering and best-in-class houses continue to make it one of the most compelling places in the world to own property.
What has changed is the way many buyers are making decisions. Families are taking a more considered approach to residency, lifestyle and long-term planning, often balancing interests across multiple locations.
Periods of change inevitably create uncertainty, but they can also create opportunity. As markets adjust, informed buyers who take a long-term view are often best placed to benefit.
Read the full article here.
