Why did the UK luxury housing bubble? The same reason we previewed back in December 2013, when we warned that "Foreign UK Homebuyers To Be Subject To Capital Gains Tax" in which we said that "we would not be surprised if the ultra-luxury segment ... becomes just a tad wobbly as foreigners seek to quietly but promptly sell now and avoid capital gains."File under humor.
Zero Hedge
UK Housing Bubble Bursts: Sales Of Luxury Homes Crash By 80% As "Waves Of Wealthy People Are Leaving"
Tyler Durden
More humor:
Greek Negotiator "Shocks" Eurozone Officials, Behaves Like "Taxi Driver": Hope Of Greek Deal "Blown"
ht Clonal
More humor:
Greek Negotiator "Shocks" Eurozone Officials, Behaves Like "Taxi Driver": Hope Of Greek Deal "Blown"
ht Clonal
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