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🎙️ The Property Bulletin by London Property – July 2025

This week, Farnaz Fazaipour breaks down the truth behind recent headlines about millionaires fleeing the UK. Despite claims that 9,500 left in 2024, that’s just 0.3% of the millionaire population—and much of the data comes from LinkedIn updates, not hard evidence.

💼 UBS does forecast a 16% drop in UK millionaires by 2028 and a 25% fall in billionaires since COVID, driven by high taxes, political instability, and the loss of non-dom perks.

🏠 We also cover:

• Leasehold Reform Act: New rights for leaseholders to fight unfair service charges
• Rent Review Shake-Up: Government proposes banning upwards-only rent reviews in new commercial leases
• First-Time Buyer Boost: Bank of England eases mortgage rules; 36,000 more buyers expected to benefit
• New Mortgage Scheme: Govt to guarantee 95% loans under the "Freedom to Buy" initiative

Plus: Are Labour’s tax plans causing fear among the wealthy? And what does it mean for London’s prime property market?

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